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

Worldquant Millennium Advisors LLC lifted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,030 shares of the industrial products company's stock after acquiring an additional 1,353 shares during the period. Worldquant Millennium Advisors LLC's holdings in Nordson were worth $3,563,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 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 acquiring an additional 52 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Nordson by 73.7% in the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 115 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Nordson in the fourth quarter worth $62,000. Canada Post Corp Registered Pension Plan acquired a new position in Nordson during the fourth quarter worth $92,000. Finally, Generali Asset Management SPA SGR acquired a new position in Nordson during the fourth quarter worth $98,000. Institutional investors own 72.11% of the company's stock.

Nordson Stock Performance

NASDAQ NDSN traded up $4.44 during trading on Tuesday, reaching $197.82. 207,918 shares of the company's stock were exchanged, compared to its average volume of 356,953. 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 business has a 50 day moving average price of $191.80 and a 200-day moving average price of $212.69. The stock has a market capitalization of $11.26 billion, a P/E ratio of 25.17, a PEG ratio of 1.65 and a beta of 0.90. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $266.86.

Nordson Announces Dividend

The firm 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. This represents a $3.12 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. KeyCorp cut their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Four 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's stock. According to MarketBeat.com, Nordson currently has an average rating of "Moderate Buy" and a consensus price target of $250.20.

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.