Toronto Dominion Bank Purchases 10,832 Shares of Nordson Co. (NASDAQ:NDSN)

Toronto Dominion Bank grew its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 59.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,070 shares of the industrial products company's stock after buying an additional 10,832 shares during the period. Toronto Dominion Bank owned 0.05% of Nordson worth $6,083,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Snowden Capital Advisors LLC boosted its holdings in shares of Nordson by 6.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,046 shares of the industrial products company's stock valued at $637,000 after buying an additional 183 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of Nordson in the 4th quarter valued at about $8,648,000. Rafferty Asset Management LLC boosted its holdings in shares of Nordson by 11.2% in the 4th quarter. Rafferty Asset Management LLC now owns 5,075 shares of the industrial products company's stock valued at $1,062,000 after buying an additional 513 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Nordson by 0.7% in the 4th quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company's stock valued at $159,280,000 after buying an additional 4,955 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Nordson by 31.8% in the 4th quarter. Quantinno Capital Management LP now owns 9,432 shares of the industrial products company's stock valued at $1,974,000 after buying an additional 2,278 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Performance

Shares of Nordson stock opened at $196.47 on Thursday. The firm has a market capitalization of $11.18 billion, a P/E ratio of 25.00, a PEG ratio of 1.65 and a beta of 0.90. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $192.70 and a 200 day moving average price of $214.61. 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 posted 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million for the quarter, compared to analysts' expectations of $639.40 million. Sell-side 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. This represents a $3.12 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio is presently 39.69%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NDSN shares. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and raised their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. 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. Finally, KeyCorp decreased 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $250.20.

Nordson 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.

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