Amundi Increases Position in Nordson Co. (NASDAQ:NDSN)

Amundi raised its position in shares of Nordson Co. (NASDAQ:NDSN) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,322 shares of the industrial products company’s stock after buying an additional 1,933 shares during the period. Amundi’s holdings in Nordson were worth $8,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NDSN. UMB Bank n.a. boosted its holdings in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares during the period. Brooklyn Investment Group lifted 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 worth $67,000 after purchasing an additional 278 shares in the last quarter. Quarry LP purchased a new position in shares of Nordson in the third quarter valued at approximately $109,000. Oppenheimer & Co. Inc. acquired a new position in shares of Nordson in the third quarter valued at approximately $203,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Nordson in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 2.7 %

NDSN opened at $207.40 on Friday. The business’s 50-day simple moving average is $213.13 and its 200-day simple moving average is $235.50. The company has a market cap of $11.80 billion, a P/E ratio of 26.39, a PEG ratio of 1.65 and a beta of 0.92. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. 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 (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. As a group, equities research analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.50%. Nordson’s dividend payout ratio is presently 39.69%.

Insiders Place Their Bets

In related news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NDSN. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. KeyCorp upgraded Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Tuesday, March 4th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

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.