Tidal Investments LLC lowered its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,305 shares of the industrial products company's stock after selling 2,876 shares during the period. Tidal Investments LLC's holdings in Nordson were worth $2,357,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. lifted its stake in 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 buying an additional 52 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Nordson by 1.8% in the fourth quarter. Inspire Investing LLC now owns 6,276 shares of the industrial products company's stock worth $1,313,000 after acquiring an additional 110 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Nordson by 2.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 16,187 shares of the industrial products company's stock valued at $3,387,000 after acquiring an additional 367 shares in the last quarter. Crown Oak Advisors LLC boosted its stake in shares of Nordson by 10.2% during the fourth quarter. Crown Oak Advisors LLC now owns 37,761 shares of the industrial products company's stock valued at $7,901,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Nordson by 15.5% during 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 last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on NDSN shares. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.20.
Check Out Our Latest Stock Report on Nordson
Nordson Stock Performance
Nordson stock opened at $195.84 on Friday. The stock has a fifty day moving average price of $192.40 and a 200 day moving average price of $214.26. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $266.86. The firm has a market capitalization of $11.15 billion, a P/E ratio of 24.92, 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.
Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data 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). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Equities research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.
Nordson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nordson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordson wasn't on the list.
While Nordson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
