Wells Fargo & Company MN Has $101.24 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Wells Fargo & Company MN decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 483,848 shares of the industrial products company's stock after selling 33,375 shares during the period. Wells Fargo & Company MN owned about 0.85% of Nordson worth $101,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. grew its position in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 115 shares during the period. Brooklyn Investment Group grew its position in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after purchasing an additional 278 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Nordson in the fourth quarter valued at approximately $98,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Nordson by 166.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock valued at $100,000 after buying an additional 300 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

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Nordson Price Performance

NDSN stock traded up $4.52 during trading hours on Friday, hitting $185.56. 622,407 shares of the stock traded hands, compared to its average volume of 295,418. The stock has a 50-day simple moving average of $204.74 and a 200 day simple moving average of $226.35. The company has a market cap of $10.56 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a one year low of $165.03 and a one year high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.68%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NDSN shares. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a report on Monday, February 24th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and raised their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, KeyCorp decreased their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nordson has an average rating of "Moderate Buy" and an average price target of $250.20.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.