Nordson Co. (NASDAQ:NDSN) Shares Purchased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its position in Nordson Co. (NASDAQ:NDSN) by 147.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,136 shares of the industrial products company’s stock after purchasing an additional 676 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Nordson were worth $277,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Nordson by 48.4% in 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 bought a new position in shares of Nordson in the fourth quarter valued at $1,192,000. Assenagon Asset Management S.A. increased its holdings in shares of Nordson by 918.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock valued at $3,187,000 after buying an additional 10,878 shares in the last quarter. Morgan Stanley increased its holdings in shares of Nordson by 9.2% in the third 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 in the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Nordson by 34.1% in the fourth quarter. Vest Financial LLC now owns 124,251 shares of the industrial products company’s stock valued at $32,822,000 after buying an additional 31,605 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $259.12 on Friday. The company’s fifty day moving average is $266.84 and its two-hundred day moving average is $248.61. The company has a quick ratio of 1.37, a current ratio of 2.19 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. The company has a market cap of $14.82 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The business had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. During the same period in the previous year, the company posted $1.95 EPS. Nordson’s revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 16th. Nordson’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NDSN. Wells Fargo & Company upped their price target on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. DA Davidson upped their price target on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.00.

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.