Deutsche Bank AG Acquires 35,325 Shares of Nordson Co. (NASDAQ:NDSN)

Deutsche Bank AG lifted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,823 shares of the industrial products company's stock after purchasing an additional 35,325 shares during the period. Deutsche Bank AG owned 0.42% of Nordson worth $50,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NDSN. Wealth Enhancement Advisory Services LLC raised its stake in shares of Nordson by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock worth $884,000 after purchasing an additional 58 shares in the last quarter. Czech National Bank raised its stake in Nordson by 6.3% in the 4th quarter. Czech National Bank now owns 11,779 shares of the industrial products company's stock valued at $2,465,000 after acquiring an additional 697 shares during the period. Clark & Stuart Inc bought a new stake in Nordson in the 4th quarter valued at $4,137,000. Park Avenue Securities LLC raised its stake in Nordson by 17.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,615 shares of the industrial products company's stock valued at $966,000 after acquiring an additional 682 shares during the period. Finally, Outlook Wealth Advisors LLC raised its stake in Nordson by 20.2% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,586 shares of the industrial products company's stock valued at $332,000 after acquiring an additional 266 shares during the period. Institutional investors own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research analyst reports. KeyCorp dropped their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, BNP Paribas cut 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.20.

Nordson Stock Performance

NASDAQ NDSN traded up $4.25 on Friday, reaching $205.35. The stock had a trading volume of 313,932 shares, compared to its average volume of 303,835. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a fifty day moving average of $192.92 and a two-hundred day moving average of $215.14. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $272.27. The company has a market cap of $11.69 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data 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). The firm 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%. On average, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently announced 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. This represents a $3.12 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is currently 39.69%.

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.