Mariner LLC Sells 1,548 Shares of Nordson Co. (NASDAQ:NDSN)

Mariner LLC lowered its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 10.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,574 shares of the industrial products company's stock after selling 1,548 shares during the period. Mariner LLC's holdings in Nordson were worth $2,840,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after buying an additional 115 shares in the last quarter. Brooklyn Investment Group grew its holdings in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after buying an additional 278 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Nordson in the 4th quarter valued at $98,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Nordson by 166.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company's stock valued at $100,000 after buying an additional 300 shares in the last quarter. Institutional investors own 72.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a report on Monday, February 24th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, KeyCorp decreased their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Nordson has a consensus rating of "Moderate Buy" and an average price target of $250.20.

Nordson Price Performance

Shares of NDSN traded up $0.48 during trading hours on Monday, hitting $188.70. 245,618 shares of the company were exchanged, compared to its average volume of 301,623. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $279.38. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm's fifty day moving average is $197.55 and its 200 day moving average is $220.76.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results 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%. On average, equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.65%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Nordson Company 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.