Nomura Holdings Inc. boosted its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 129.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,222 shares of the industrial products company's stock after buying an additional 3,511 shares during the quarter. Nomura Holdings Inc.'s holdings in Nordson were worth $1,302,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 52 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in Nordson by 73.7% in the 4th 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 Nordson during the 4th quarter valued at $62,000. Brooklyn Investment Group raised its stake in 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 in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Nordson in the fourth quarter worth $92,000. 72.11% of the stock is owned by institutional investors.
Nordson Stock Down 1.0%
Shares of NDSN stock traded down $2.05 on Tuesday, reaching $202.40. 194,286 shares of the stock were exchanged, compared to its average volume of 303,002. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.65 and a beta of 0.90. 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 business's 50 day moving average price is $192.92 and its 200 day moving average price is $214.74.
Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results 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 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%. As a group, sell-side analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.
Nordson Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 39.69%.
Wall Street Analysts Forecast Growth
NDSN has been the topic of several recent analyst reports. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and increased their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research note on Monday, February 24th. Finally, KeyCorp dropped their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $250.20.
Check Out Our Latest Report on NDSN
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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