Nordson Co. (NASDAQ:NDSN) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Nordson Co. (NASDAQ:NDSN) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,954 shares of the industrial products company’s stock after acquiring an additional 7,169 shares during the period. Ameriprise Financial Inc. owned 0.20% of Nordson worth $23,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock valued at $1,302,887,000 after acquiring an additional 93,146 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Nordson by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock valued at $303,918,000 after acquiring an additional 12,590 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in Nordson by 2.9% in the fourth quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock valued at $180,036,000 after acquiring an additional 24,030 shares during the last quarter. FMR LLC raised its position in Nordson by 19.2% in the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock valued at $145,135,000 after purchasing an additional 111,538 shares during the period. Finally, Norges Bank purchased a new stake in Nordson in the fourth quarter valued at approximately $142,670,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Down 0.7%

Shares of NASDAQ NDSN opened at $201.13 on Thursday. The stock has a market cap of $11.45 billion, a P/E ratio of 25.59, a PEG ratio of 1.65 and a beta of 0.90. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12-month low of $165.03 and a 12-month high of $275.80. The business’s fifty day simple moving average is $193.16 and its 200-day simple moving average is $216.25.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results 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). 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. As a group, equities analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio is presently 39.69%.

Analyst Ratings Changes

A number of brokerages have issued reports on NDSN. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and boosted their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Finally, KeyCorp cut their target price on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $250.20.

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.