Sapient Capital LLC Invests $848,000 in Nordson Co. (NASDAQ:NDSN)

Sapient Capital LLC acquired a new position in Nordson Co. (NASDAQ:NDSN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,210 shares of the industrial products company's stock, valued at approximately $848,000.

Other institutional investors have also added to or reduced their stakes in the company. Tobam grew its holdings in Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company's stock worth $25,000 after acquiring an additional 91 shares during the period. FNY Investment Advisers LLC bought a new stake in Nordson in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new position in Nordson in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in shares of Nordson during the 4th quarter worth approximately $28,000. Finally, Smithfield Trust Co grew its position in shares of 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 buying an additional 75 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Up 1.1 %

Shares of NASDAQ:NDSN traded up $2.81 during midday trading on Friday, hitting $265.61. 171,161 shares of the company's stock were exchanged, compared to its average volume of 181,727. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00. The company has a market cap of $15.19 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37. The stock has a 50 day moving average price of $265.90 and a 200-day moving average price of $251.63.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, February 16th. Nordson's dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analyst Weigh In

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

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.