Novem Group acquired a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,212 shares of the industrial products company's stock, valued at approximately $672,000.
Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Nordson by 26.1% in 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 grew its holdings 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 valued at $57,000 after purchasing an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Nordson during the 4th quarter worth approximately $62,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Nordson in the 4th quarter valued at approximately $92,000. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Nordson in the 4th quarter valued at approximately $98,000. Institutional investors and hedge funds own 72.11% of the company's stock.
Wall Street Analyst Weigh In
NDSN has been the topic of a number of recent analyst reports. BNP Paribas downgraded 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. KeyCorp dropped their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Four investment 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $250.20.
View Our Latest Stock Report on Nordson
Nordson Trading Down 1.3%
Nordson stock traded down $2.46 during trading on Friday, reaching $193.38. The company had a trading volume of 319,091 shares, compared to its average volume of 302,092. Nordson Co. has a 12-month low of $165.03 and a 12-month high of $266.86. The stock's 50 day moving average price is $192.10 and its two-hundred day moving average price is $213.49. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.
Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. As a group, equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal 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 given a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.61%. Nordson's dividend payout ratio (DPR) is 39.69%.
Nordson Company Profile
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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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