Quantinno Capital Management LP Raises Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Quantinno Capital Management LP grew its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 31.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,432 shares of the industrial products company's stock after purchasing an additional 2,278 shares during the quarter. Quantinno Capital Management LP's holdings in Nordson were worth $1,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NDSN. UMB Bank n.a. boosted 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 worth $53,000 after purchasing an additional 52 shares during the period. Inspire Investing LLC boosted its position in Nordson by 1.8% during the fourth quarter. Inspire Investing LLC now owns 6,276 shares of the industrial products company's stock worth $1,313,000 after purchasing an additional 110 shares during the period. Cornerstone Wealth Management LLC boosted its position in Nordson by 2.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 16,187 shares of the industrial products company's stock worth $3,387,000 after purchasing an additional 367 shares during the period. Crown Oak Advisors LLC boosted its position in Nordson by 10.2% during the fourth quarter. Crown Oak Advisors LLC now owns 37,761 shares of the industrial products company's stock worth $7,901,000 after purchasing an additional 3,510 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Nordson by 15.5% in the fourth quarter. Sound Income Strategies LLC now owns 871 shares of the industrial products company's stock valued at $182,000 after acquiring an additional 117 shares during the period. Institutional investors own 72.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on NDSN. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. KeyCorp cut their price objective 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 equities research 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. Based on data from MarketBeat, Nordson presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.

Nordson Price Performance

NDSN traded down $2.46 on Friday, reaching $193.38. The company had a trading volume of 319,091 shares, compared to its average volume of 302,092. The business has a 50 day simple moving average of $192.10 and a 200 day simple moving average of $213.84. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 24.60, 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 quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a 52-week low of $165.03 and a 52-week high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, sell-side analysts anticipate that Nordson Co. will post 10.2 EPS for the current 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 paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 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.