Blueshift Asset Management LLC Buys 911 Shares of Nordson Co. (NASDAQ:NDSN)

Blueshift Asset Management LLC raised its stake in Nordson Co. (NASDAQ:NDSN) by 107.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,756 shares of the industrial products company’s stock after acquiring an additional 911 shares during the quarter. Blueshift Asset Management LLC’s holdings in Nordson were worth $367,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after buying an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after buying an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares during the last quarter. Holocene Advisors LP raised its holdings in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after purchasing an additional 15,524 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN stock opened at $203.86 on Friday. The firm has a 50 day moving average of $213.54 and a 200-day moving average of $233.82. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, March 20th. Nordson’s payout ratio is currently 39.69%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several analyst reports. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. 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 research report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average target price of $256.20.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

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.