Ossiam Raises Position in Nordson Co. (NASDAQ:NDSN)

Ossiam increased its stake in Nordson Co. (NASDAQ:NDSN) by 60.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,011 shares of the industrial products company’s stock after acquiring an additional 1,881 shares during the period. Ossiam’s holdings in Nordson were worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC lifted its position in shares of Nordson by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 14,181 shares of the industrial products company’s stock worth $3,724,000 after purchasing an additional 257 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Nordson by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company’s stock valued at $21,841,000 after acquiring an additional 4,919 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company’s stock worth $77,723,000 after acquiring an additional 13,184 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Nordson by 16.8% in the fourth quarter. Nordea Investment Management AB now owns 7,334 shares of the industrial products company’s stock valued at $1,536,000 after purchasing an additional 1,053 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on NDSN shares. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. KeyCorp reduced their target price on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $250.20.

Nordson Trading Down 2.0 %

Shares of NDSN stock opened at $177.11 on Tuesday. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $200.62 and its two-hundred day moving average is $223.09. The company has a market capitalization of $10.08 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $639.40 million. Equities analysts forecast that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.76%. Nordson’s dividend payout ratio is currently 39.69%.

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.