Crestline Management LP Invests $587,000 in Nordson Co. (NASDAQ:NDSN)

Crestline Management LP purchased a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,804 shares of the industrial products company's stock, valued at approximately $587,000.

A number of other large investors also recently added to or reduced their stakes in NDSN. Franklin Resources Inc. boosted its holdings in Nordson by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company's stock valued at $21,841,000 after acquiring an additional 4,919 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock worth $77,723,000 after purchasing an additional 13,184 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Nordson by 16.8% during the fourth quarter. Nordea Investment Management AB now owns 7,334 shares of the industrial products company's stock worth $1,536,000 after purchasing an additional 1,053 shares during the last quarter. Diversified Trust Co raised its position in shares of Nordson by 11.9% in the 4th quarter. Diversified Trust Co now owns 4,430 shares of the industrial products company's stock worth $927,000 after buying an additional 472 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Nordson by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock valued at $884,000 after acquiring an additional 58 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN traded down $0.40 on Tuesday, reaching $202.60. The stock had a trading volume of 294,268 shares, compared to its average volume of 305,914. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $275.80. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The firm has a 50-day moving average of $193.62 and a 200-day moving average of $216.45.

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

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.54%. Nordson's dividend payout ratio (DPR) is 39.69%.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of research analyst reports. KeyCorp lowered their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. Finally, Loop Capital upgraded shares of 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. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.

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.