Cresset Asset Management LLC Cuts Stock Position in Nordson Co. (NASDAQ:NDSN)

Cresset Asset Management LLC decreased its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,399 shares of the industrial products company's stock after selling 3,758 shares during the quarter. Cresset Asset Management LLC owned 0.07% of Nordson worth $8,035,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NDSN. Vanguard Group Inc. boosted its position in Nordson by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock valued at $1,302,887,000 after buying an additional 93,146 shares during the period. Geode Capital Management LLC boosted its holdings in Nordson by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock valued at $303,918,000 after purchasing an additional 12,590 shares during the period. Champlain Investment Partners LLC grew its stake in Nordson by 2.9% during the 4th quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company's stock worth $180,036,000 after purchasing an additional 24,030 shares in the last quarter. FMR LLC increased its holdings in Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after purchasing an additional 111,538 shares during the period. Finally, Norges Bank acquired a new stake in Nordson in the 4th quarter valued at about $142,670,000. Institutional investors and hedge funds own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. KeyCorp lowered their price target 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, Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and raised their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.20.

Nordson Stock Performance

Shares of Nordson stock opened at $189.29 on Thursday. The firm has a market capitalization of $10.77 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $279.38. The firm's 50 day moving average is $194.31 and its two-hundred day moving average is $218.03.

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

Nordson Dividend Announcement

The firm also recently announced 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 of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.65%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

About Nordson

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.