Natixis Advisors L.P. Purchases 5,098 Shares of Nordson Co. (NASDAQ:NDSN)

Natixis Advisors L.P. increased its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,236 shares of the industrial products company's stock after purchasing an additional 5,098 shares during the period. Natixis Advisors L.P. owned approximately 0.11% of Nordson worth $16,440,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Heritage Wealth Management LLC bought a new position in Nordson in the fourth quarter valued at about $537,000. GPM Growth Investors Inc. boosted its stake in shares of Nordson by 0.4% during the fourth quarter. GPM Growth Investors Inc. now owns 14,706 shares of the industrial products company's stock valued at $3,885,000 after purchasing an additional 59 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Nordson by 3.7% during the fourth quarter. Van ECK Associates Corp now owns 7,172 shares of the industrial products company's stock valued at $1,895,000 after purchasing an additional 257 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Nordson during the fourth quarter valued at about $285,000. Finally, Truist Financial Corp boosted its stake in shares of Nordson by 0.3% during the fourth quarter. Truist Financial Corp now owns 60,705 shares of the industrial products company's stock valued at $16,036,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of recent research reports. KeyCorp reissued a "sector weight" rating on shares of Nordson in a research note on Monday, February 26th. Wells Fargo & Company lifted their price objective on Nordson from $290.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. DA Davidson lifted their price objective on Nordson from $290.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Finally, StockNews.com lowered Nordson from a "buy" rating to a "hold" rating in a research note on Thursday, April 11th. 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $278.00.

Nordson Trading Up 0.5 %

NDSN stock traded up $1.41 during mid-day trading on Tuesday, reaching $272.06. The company's stock had a trading volume of 222,569 shares, compared to its average volume of 210,142. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The business's 50 day moving average price is $265.89 and its 200 day moving average price is $252.26. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. Nordson Co. has a 12 month low of $208.90 and a 12 month high of $278.00.

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 for the quarter, topping analysts' consensus estimates of $2.03 by $0.18. The business 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 firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. On average, equities research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders 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 yield of 1.00%. Nordson's payout ratio is currently 31.81%.

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.