Mariner LLC Reduces Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Mariner LLC reduced its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,574 shares of the industrial products company’s stock after selling 1,548 shares during the period. Mariner LLC’s holdings in Nordson were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NDSN. UMB Bank n.a. increased its holdings in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares during the period. Tortoise Investment Management LLC raised its position 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 during the last quarter. Brooklyn Investment Group boosted its holdings in shares of 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 acquiring an additional 278 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Nordson in the fourth quarter worth $98,000. Finally, Brown Brothers Harriman & Co. raised its holdings 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 purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

Nordson stock opened at $183.06 on Wednesday. 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’s fifty day moving average price is $199.93 and its 200 day moving average price is $222.81. The stock has a market capitalization of $10.42 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a 1 year low of $165.03 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last released its quarterly 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 company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Analyst Upgrades and Downgrades

NDSN has been the subject of a number of recent research reports. KeyCorp reduced their price objective on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.20.

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.