Gotham Asset Management LLC lessened its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 84.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,019 shares of the industrial products company's stock after selling 26,589 shares during the quarter. Gotham Asset Management LLC's holdings in Nordson were worth $1,050,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Nordson by 26.1% during the 4th 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 during the last quarter. Tortoise Investment Management LLC boosted 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 last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Nordson in the fourth quarter worth about $62,000. Brooklyn Investment Group boosted its stake in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after buying an additional 278 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Nordson in the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 72.11% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on NDSN shares. 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 note on Tuesday, April 8th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and raised their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. 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 note on Monday, February 24th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $250.20.
Check Out Our Latest Stock Analysis on Nordson
Nordson Price Performance
NDSN stock traded down $5.93 during mid-day trading on Wednesday, reaching $196.47. 261,979 shares of the company's stock were exchanged, compared to its average volume of 302,838. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The stock's 50 day moving average is $192.92 and its 200 day moving average is $214.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 12-month low of $165.03 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to analysts' expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, research analysts expect that Nordson Co. will post 10.2 EPS for the current year.
Nordson Announces Dividend
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 of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.59%. Nordson's dividend payout ratio is currently 39.69%.
About Nordson
(
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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