Ensign Peak Advisors Inc trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,365 shares of the industrial products company's stock after selling 1,716 shares during the quarter. Ensign Peak Advisors Inc's holdings in Nordson were worth $3,215,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in NDSN. UMB Bank n.a. lifted its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 52 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of Nordson by 73.7% in the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after buying an additional 115 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Nordson during the 4th quarter valued at about $62,000. Brooklyn Investment Group grew its stake in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 278 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Nordson in the 4th quarter worth approximately $92,000. 72.11% of the stock is currently owned by institutional investors.
Nordson Trading Down 0.2%
Shares of Nordson stock traded down $0.49 on Tuesday, reaching $203.96. The company had a trading volume of 29,024 shares, compared to its average volume of 358,875. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.65 and a beta of 0.90. 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's 50-day moving average price is $192.91 and its two-hundred day moving average price is $214.82. Nordson Co. has a 1 year low of $165.03 and a 1 year high of $266.86.
Nordson (NASDAQ:NDSN - Get Free Report) last issued 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). The firm had revenue of $615.42 million for 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, research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.
Nordson Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's payout ratio is currently 39.69%.
Analyst Ratings Changes
A number of research firms have recently weighed in on NDSN. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. KeyCorp dropped their price target on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th. Four 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.20.
Check Out Our Latest Report on NDSN
Nordson Company Profile
(
Free Report)
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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