BNP Paribas Financial Markets Has $21.06 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

BNP Paribas Financial Markets boosted its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,664 shares of the industrial products company's stock after purchasing an additional 25,174 shares during the quarter. BNP Paribas Financial Markets owned 0.18% of Nordson worth $21,063,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New York Life Investment Management LLC boosted its holdings in shares of Nordson by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after buying an additional 49 shares during the period. UMB Bank n.a. boosted its stake in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after purchasing an additional 52 shares during the period. Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Nordson by 1.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nordson by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock valued at $884,000 after purchasing an additional 58 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Nordson by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company's stock worth $312,000 after buying an additional 66 shares during the period. Institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NDSN shares. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and boosted their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. KeyCorp reduced their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.20.

Nordson Stock Performance

Shares of NDSN stock opened at $192.62 on Friday. The stock has a market cap of $10.96 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a fifty day moving average price of $193.77 and a two-hundred day moving average price of $217.22. Nordson Co. has a one year low of $165.03 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51.

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

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.62%. The ex-dividend date 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.

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