Russell Investments Group Ltd. Decreases Stake in Nordson Co. (NASDAQ:NDSN)

Russell Investments Group Ltd. lessened its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,600 shares of the industrial products company's stock after selling 3,048 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Nordson worth $16,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NDSN. Tobam boosted its position in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company's stock valued at $25,000 after buying an additional 91 shares during the period. FNY Investment Advisers LLC purchased a new position in Nordson in the fourth quarter valued at $26,000. Sound Income Strategies LLC purchased a new position in Nordson in the fourth quarter valued at $27,000. Fortitude Family Office LLC acquired a new position in Nordson during the 4th quarter worth $28,000. Finally, Smithfield Trust Co increased its holdings in Nordson by 105.6% during the 3rd quarter. Smithfield Trust Co now owns 146 shares of the industrial products company's stock worth $32,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NDSN shares. Wells Fargo & Company boosted their price objective on Nordson from $290.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. KeyCorp reiterated a "sector weight" rating on shares of Nordson in a report on Monday, February 26th. StockNews.com lowered shares of Nordson from a "buy" rating to a "hold" rating in a report on Thursday, April 11th. Finally, DA Davidson boosted their target price on shares of Nordson from $290.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Nordson presently has an average rating of "Moderate Buy" and an average price target of $278.00.

Nordson Stock Up 1.1 %

NASDAQ:NDSN traded up $2.81 during midday trading on Friday, hitting $265.61. 171,161 shares of the company were exchanged, compared to its average volume of 181,727. Nordson Co. has a fifty-two week low of $208.90 and a fifty-two week high of $278.00. The company has a market capitalization of $15.19 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $265.90 and a 200 day simple moving average of $251.44.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.18. The business had revenue of $633.20 million for the quarter, compared to analysts' expectations of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.02%. Nordson's payout ratio is 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.