Nordson Co. (NASDAQ:NDSN) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 918.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,063 shares of the industrial products company's stock after purchasing an additional 10,878 shares during the period. Assenagon Asset Management S.A.'s holdings in Nordson were worth $3,187,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of Nordson by 48.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company's stock worth $51,633,000 after buying an additional 75,466 shares during the last quarter. Morgan Stanley increased its position in Nordson by 9.2% during the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company's stock valued at $310,534,000 after purchasing an additional 117,337 shares during the period. Vest Financial LLC raised its holdings in Nordson by 34.1% in the 4th quarter. Vest Financial LLC now owns 124,251 shares of the industrial products company's stock worth $32,822,000 after purchasing an additional 31,605 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Nordson by 1,500.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 60,868 shares of the industrial products company's stock worth $13,584,000 after purchasing an additional 57,065 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Nordson by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 129,378 shares of the industrial products company's stock valued at $28,874,000 after purchasing an additional 2,093 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Stephen Lovass sold 1,213 shares of the firm's stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $250.13, for a total transaction of $303,407.69. Following the sale, the executive vice president now owns 7,379 shares of the company's stock, valued at approximately $1,845,709.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Nordson news, EVP Stephen Lovass sold 1,213 shares of the business's stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $250.13, for a total transaction of $303,407.69. Following the completion of the sale, the executive vice president now directly owns 7,379 shares in the company, valued at approximately $1,845,709.27. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Srinivas Subramanian sold 2,100 shares of the firm's stock in a transaction on Friday, January 12th. The stock was sold at an average price of $250.79, for a total value of $526,659.00. Following the completion of the transaction, the executive vice president now owns 4,565 shares in the company, valued at $1,144,856.35. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com upgraded shares of Nordson from a "hold" rating to a "buy" rating in a report on Friday, March 29th. DA Davidson raised their target price on Nordson from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. KeyCorp reaffirmed a "sector weight" rating on shares of Nordson in a research note on Monday, February 26th. Finally, Wells Fargo & Company raised their price objective on Nordson from $290.00 to $315.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.00.

Nordson Stock Up 1.0 %

Shares of NDSN traded up $2.73 during trading hours on Wednesday, hitting $273.00. The company had a trading volume of 217,394 shares, compared to its average volume of 217,305. Nordson Co. has a 52-week low of $208.77 and a 52-week high of $276.09. The firm has a fifty day moving average price of $264.24 and a 200-day moving average price of $245.50. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 2.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. The firm had revenue of $633.20 million for the quarter, compared to the consensus estimate of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. On average, equities research analysts forecast that Nordson Co. will post 10.22 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, February 16th. Nordson's dividend payout ratio is currently 31.81%.

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.