Jump Financial LLC decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 74.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,118 shares of the industrial products company's stock after selling 3,269 shares during the quarter. Jump Financial LLC's holdings in Nordson were worth $234,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDSN. UMB Bank n.a. increased its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after acquiring an additional 52 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after purchasing an additional 115 shares during the period. Brooklyn Investment Group raised its position in shares of Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after buying an additional 278 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Nordson during the fourth quarter worth about $92,000. Finally, Generali Asset Management SPA SGR bought a new position in Nordson during the fourth quarter valued at about $98,000. Institutional investors and hedge funds own 72.11% of the company's stock.
Wall Street Analysts Forecast Growth
NDSN has been the topic of several recent research reports. KeyCorp decreased their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Finally, Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and raised their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.
View Our Latest Report on NDSN
Nordson Price Performance
Shares of NASDAQ:NDSN traded up $2.48 on Friday, hitting $192.84. The stock had a trading volume of 71,363 shares, compared to its average volume of 303,499. The firm's 50 day moving average price is $195.99 and its 200-day moving average price is $219.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $279.38. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.
Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.
Nordson Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.62%. Nordson's dividend payout ratio (DPR) is presently 39.69%.
About Nordson
(
Free Report)
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.
Featured Articles
Before you consider Nordson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordson wasn't on the list.
While Nordson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
