Marshall Wace LLP Makes New $372,000 Investment in Nordson Co. (NASDAQ:NDSN)

Marshall Wace LLP bought a new position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,776 shares of the industrial products company's stock, valued at approximately $372,000.

A number of other hedge funds also recently modified their holdings of NDSN. Vanguard Group Inc. boosted its holdings in shares of Nordson by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock valued at $1,302,887,000 after acquiring an additional 93,146 shares in the last quarter. Geode Capital Management LLC boosted its position in Nordson by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock worth $303,918,000 after buying an additional 12,590 shares during the period. FMR LLC grew its holdings in Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company's stock worth $145,135,000 after acquiring an additional 111,538 shares during the last quarter. Norges Bank acquired a new position in Nordson in the 4th quarter valued at approximately $142,670,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Nordson by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company's stock valued at $106,762,000 after acquiring an additional 28,967 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

Nordson Stock Down 1.3 %

NASDAQ:NDSN traded down $2.46 during trading hours on Tuesday, reaching $188.44. The company had a trading volume of 229,511 shares, compared to its average volume of 305,292. The business's 50-day simple moving average is $194.73 and its two-hundred day simple moving average is $218.23. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $279.38. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 23.97, a P/E/G 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 (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share 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 firm had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. On average, equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.66%. Nordson's payout ratio is 39.69%.

Analysts Set New Price Targets

Several brokerages have commented on NDSN. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. Finally, KeyCorp lowered their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.