BLI Banque de Luxembourg Investments Acquires Shares of 61,500 Nordson Co. (NASDAQ:NDSN)

BLI Banque de Luxembourg Investments bought a new position in Nordson Co. (NASDAQ:NDSN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 61,500 shares of the industrial products company's stock, valued at approximately $12,847,000. BLI Banque de Luxembourg Investments owned 0.11% of Nordson at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NDSN. Strategic Financial Concepts LLC acquired a new stake in Nordson in the fourth quarter valued at approximately $4,553,000. Principal Financial Group Inc. grew its holdings in Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock valued at $77,723,000 after purchasing an additional 13,184 shares in the last quarter. Southern Style Financial Inc. purchased a new stake in Nordson during the 4th quarter worth $399,000. Clark & Stuart Inc acquired a new position in Nordson in the 4th quarter worth $4,137,000. Finally, Pacer Advisors Inc. boosted its position in Nordson by 34.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,895 shares of the industrial products company's stock valued at $1,861,000 after buying an additional 2,282 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NDSN shares. BNP Paribas lowered shares of 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 upgraded Nordson from a "hold" rating to a "buy" rating and upped their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, KeyCorp reduced their target price on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.20.

Nordson Stock Performance

Shares of Nordson stock traded up $0.85 during trading on Wednesday, reaching $189.29. The company's stock had a trading volume of 295,662 shares, compared to its average volume of 305,584. The business's fifty day moving average price is $194.73 and its 200-day moving average price is $218.23. Nordson Co. has a one year low of $165.03 and a one year high of $279.38. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results 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). The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio is 39.69%.

Nordson 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.