Janus Henderson Group PLC Has $42.05 Million Stake in Nordson Co. (NASDAQ:NDSN)

Janus Henderson Group PLC raised its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,953 shares of the industrial products company's stock after purchasing an additional 2,715 shares during the quarter. Janus Henderson Group PLC owned 0.35% of Nordson worth $42,048,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its position 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 during the period. Tortoise Investment Management LLC lifted its holdings in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after buying an additional 115 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of Nordson in the 4th quarter valued at about $62,000. Brooklyn Investment Group raised its position in shares of Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after acquiring an additional 278 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Nordson in the fourth quarter worth approximately $92,000. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BNP Paribas lowered 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. KeyCorp lowered 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. Finally, Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and upped their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nordson currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.20.

Nordson Stock Performance

Shares of NDSN stock opened at $202.60 on Wednesday. The firm has a 50 day moving average of $193.44 and a 200-day moving average of $216.36. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth 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. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $275.80.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 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 company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.54%. Nordson's dividend payout ratio (DPR) is presently 39.69%.

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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