Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Nordson Co. (NASDAQ:NDSN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 73,082 shares of the industrial products company's stock, valued at approximately $15,292,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Nordson at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in NDSN. Fifth Third Bancorp increased its holdings in Nordson by 6.2% in the 4th quarter. Fifth Third Bancorp now owns 1,553 shares of the industrial products company's stock valued at $325,000 after purchasing an additional 90 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Nordson by 34.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,895 shares of the industrial products company's stock valued at $1,861,000 after purchasing an additional 2,282 shares in the last quarter. Forsta AP Fonden increased its holdings in Nordson by 1.9% in the 4th quarter. Forsta AP Fonden now owns 10,600 shares of the industrial products company's stock valued at $2,218,000 after purchasing an additional 200 shares in the last quarter. Symphony Financial Ltd. Co. grew its stake in shares of Nordson by 14.9% during the fourth quarter. Symphony Financial Ltd. Co. now owns 5,597 shares of the industrial products company's stock valued at $1,226,000 after acquiring an additional 726 shares in the last quarter. Finally, Capital Insight Partners LLC grew its stake in shares of Nordson by 6.8% during the fourth quarter. Capital Insight Partners LLC now owns 16,336 shares of the industrial products company's stock valued at $3,418,000 after acquiring an additional 1,043 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Nordson Stock Up 0.1%
NASDAQ:NDSN traded up $0.13 during mid-day trading on Tuesday, reaching $212.31. The stock had a trading volume of 394,501 shares, compared to its average volume of 309,942. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $266.86. The stock's 50 day simple moving average is $191.87 and its two-hundred day simple moving average is $210.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51.
Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.06. The business had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $2.34 earnings per share. Equities analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.
Nordson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.47%. Nordson's dividend payout ratio (DPR) is 40.10%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on NDSN shares. KeyCorp lowered their target price on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Oppenheimer upgraded Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research note on Friday. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a research note on Monday, February 24th. Robert W. Baird raised their target price on Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Nordson presently has a consensus rating of "Moderate Buy" and an average price target of $253.17.
Check Out Our Latest Stock Analysis on Nordson
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.
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