Nordson Co. (NASDAQ:NDSN) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,199 shares of the industrial products company’s stock after acquiring an additional 518 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Nordson were worth $4,543,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ieq Capital LLC raised its position in shares of Nordson by 3.6% in the third quarter. Ieq Capital LLC now owns 1,381 shares of the industrial products company’s stock valued at $308,000 after buying an additional 48 shares during the last quarter. Quent Capital LLC increased its position in Nordson by 64.9% during the fourth quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 48 shares during the last quarter. Glenmede Trust Co. NA increased its position in Nordson by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 1,766 shares of the industrial products company’s stock worth $394,000 after purchasing an additional 51 shares during the last quarter. Fifth Third Bancorp increased its position in Nordson by 5.5% during the third quarter. Fifth Third Bancorp now owns 992 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 52 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Nordson by 5.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,043 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 53 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. DA Davidson increased their target price on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Nordson Stock Up 1.1 %

NASDAQ:NDSN traded up $2.81 during mid-day trading on Friday, hitting $265.61. The stock had a trading volume of 171,161 shares, compared to its average volume of 181,727. The stock has a 50-day simple moving average of $265.90 and a two-hundred day simple moving average of $251.44. The company has a market capitalization of $15.19 billion, a PE ratio of 31.07, a PEG ratio of 1.98 and a beta of 1.00. Nordson Co. has a twelve month low of $208.90 and a twelve month high of $278.00. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. During the same quarter last year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.02%. Nordson’s payout ratio is 31.81%.

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.