Siemens Fonds Invest GmbH purchased a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,331 shares of the industrial products company's stock, valued at approximately $8,648,000. Siemens Fonds Invest GmbH owned approximately 0.07% of Nordson as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in shares of Nordson by 73.7% in the 4th 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 bought a new stake in shares of Nordson in the 4th quarter valued at about $62,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Nordson in the 4th quarter valued at about $92,000. Generali Asset Management SPA SGR bought a new stake in shares of Nordson in the 4th quarter valued at about $98,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Nordson by 166.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 72.11% of the company's stock.
Nordson Price Performance
Shares of NDSN traded up $3.52 during mid-day trading on Friday, hitting $212.49. 908,619 shares of the company were exchanged, compared to its average volume of 308,207. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $266.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The company has a 50 day moving average of $191.64 and a 200-day moving average of $211.80. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90.
Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.06. Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $682.94 million during the quarter, compared to analysts' expectations of $671.36 million. During the same quarter in the prior year, the company earned $2.34 EPS. Nordson's revenue was up 5.0% compared to the same quarter last year. Analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.
Nordson Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.47%. Nordson's dividend payout ratio (DPR) is 40.10%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on NDSN. KeyCorp cut their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a report on Friday. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Friday. Finally, Robert W. Baird upped their price objective on shares of Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $253.17.
Get Our Latest Stock Analysis on NDSN
Nordson 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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