Charles Schwab Investment Management Inc. Boosts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Charles Schwab Investment Management Inc. raised its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 462,962 shares of the industrial products company's stock after purchasing an additional 11,989 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.81% of Nordson worth $122,296,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NDSN. Envestnet Asset Management Inc. grew its holdings in Nordson by 48.4% during the third quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company's stock worth $51,633,000 after purchasing an additional 75,466 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Nordson in the fourth quarter valued at $1,192,000. Assenagon Asset Management S.A. boosted its holdings in shares of Nordson by 918.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company's stock worth $3,187,000 after buying an additional 10,878 shares during the period. Morgan Stanley grew its stake in Nordson by 9.2% in the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company's stock valued at $310,534,000 after buying an additional 117,337 shares during the last quarter. Finally, 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 valued at $32,822,000 after acquiring an additional 31,605 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

Analysts Set New Price Targets

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

Nordson Price Performance

Shares of NDSN stock traded up $1.05 on Friday, reaching $278.89. The company had a trading volume of 364,643 shares, compared to its average volume of 190,643. The stock has a market capitalization of $15.95 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. The business's 50-day moving average is $266.56 and its 200 day moving average is $254.00. Nordson Co. has a one year low of $208.90 and a one year high of $279.38.

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, beating analysts' consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same quarter last year, the business posted $1.95 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st will be given a dividend of $0.68 per share. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 0.98%. Nordson's dividend payout ratio is presently 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.