Twinbeech Capital LP Purchases New Stake in Nordson Co. (NASDAQ:NDSN)

Twinbeech Capital LP acquired a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,806 shares of the industrial products company's stock, valued at approximately $11,468,000. Twinbeech Capital LP owned about 0.10% of Nordson at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NDSN. Norges Bank purchased a new position in Nordson in the fourth quarter valued at approximately $142,670,000. Raymond James Financial Inc. acquired a new stake in shares of Nordson during the fourth quarter worth approximately $74,005,000. First Trust Advisors LP grew its position in shares of Nordson by 676.5% during the fourth quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company's stock worth $51,539,000 after buying an additional 214,594 shares in the last quarter. FMR LLC grew its position in shares of Nordson by 19.2% during the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after buying an additional 111,538 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Nordson by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock valued at $1,302,887,000 after purchasing an additional 93,146 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Down 1.3%

NASDAQ NDSN traded down $2.46 on Friday, hitting $193.38. 319,091 shares of the company were exchanged, compared to its average volume of 302,092. The company's 50 day moving average price is $192.10 and its 200-day moving average price is $213.49. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a market capitalization of $11.01 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.61%. Nordson's dividend payout ratio is currently 39.69%.

Wall Street Analysts Forecast Growth

NDSN has been the subject of several analyst reports. KeyCorp reduced their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.