Worldquant Millennium Advisors LLC Has $3.56 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Worldquant Millennium Advisors LLC grew its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,030 shares of the industrial products company's stock after purchasing an additional 1,353 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Nordson were worth $3,563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Nordson during the fourth quarter worth about $142,670,000. Raymond James Financial Inc. acquired a new stake in Nordson during the fourth quarter worth about $74,005,000. First Trust Advisors LP grew its position in 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 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. grew its position 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 worth $1,302,887,000 after buying an additional 93,146 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NDSN. KeyCorp cut their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. BNP Paribas cut 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. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.20.

Nordson Stock Down 0.7%

NASDAQ NDSN traded down $1.35 on Wednesday, reaching $196.66. The company had a trading volume of 108,175 shares, compared to its average volume of 301,562. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $266.86. The company's fifty day moving average is $191.64 and its 200-day moving average is $212.58.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.59%. Nordson's dividend payout ratio is presently 39.69%.

About Nordson

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.