Bessemer Group Inc. Has $953,000 Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Bessemer Group Inc. increased its stake in shares of Nordson Co. (NASDAQ:NDSN) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,555 shares of the industrial products company’s stock after buying an additional 101 shares during the period. Bessemer Group Inc.’s holdings in Nordson were worth $953,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock worth $57,000 after buying an additional 115 shares in the last quarter. Brooklyn Investment Group boosted its position in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Nordson in the 4th quarter valued at $98,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Nordson by 166.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NDSN shares. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. KeyCorp reduced their target price on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and boosted their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four investment 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.20.

Nordson Stock Performance

Shares of NDSN stock opened at $184.45 on Tuesday. The stock has a 50-day moving average of $204.11 and a 200-day moving average of $225.81. Nordson Co. has a one year low of $165.03 and a one year high of $279.38. The stock has a market cap of $10.50 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51.

Nordson (NASDAQ:NDSN) last posted 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. As a group, sell-side analysts expect 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 paid a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.69%. Nordson’s payout ratio 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.