Invesco Ltd. Sells 57,780 Shares of Nordson Co. (NASDAQ:NDSN)

Invesco Ltd. trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 6.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 900,712 shares of the industrial products company’s stock after selling 57,780 shares during the quarter. Invesco Ltd.’s holdings in Nordson were worth $188,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NDSN. Norges Bank bought a new stake in shares of Nordson in the 4th quarter valued at approximately $142,670,000. Raymond James Financial Inc. purchased a new stake in Nordson during the 4th quarter valued at $74,005,000. FMR LLC lifted 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 worth $145,135,000 after buying an additional 111,538 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nordson by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock worth $1,302,887,000 after buying an additional 93,146 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Nordson by 23.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 397,924 shares of the industrial products company’s stock valued at $83,262,000 after acquiring an additional 76,182 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research note on Monday, February 24th. DA Davidson decreased their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Finally, Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average price target of $250.20.

Nordson Stock Performance

Nordson stock opened at $185.56 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The company has a market capitalization of $10.56 billion, a PE ratio of 23.61, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a 50 day moving average price of $204.74 and a 200-day moving average price of $226.59. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $279.38.

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

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is 39.69%.

About Nordson

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.