Resona Asset Management Co. Ltd. Acquires Shares of 21,691 Nordson Co. (NASDAQ:NDSN)

Resona Asset Management Co. Ltd. bought a new position in shares of Nordson Co. (NASDAQ:NDSN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,691 shares of the industrial products company’s stock, valued at approximately $4,556,000.

Several other large investors also recently modified their holdings of the business. New York Life Investment Management LLC lifted its holdings in Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after buying an additional 49 shares during the period. UMB Bank n.a. lifted its stake in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 52 shares during the period. Klein Pavlis & Peasley Financial Inc. boosted its holdings in Nordson by 1.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Nordson by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 58 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Nordson by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 66 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NDSN. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and boosted their price target for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. DA Davidson dropped their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $250.20.

Nordson Stock Performance

Shares of NDSN opened at $167.51 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The stock has a market cap of $9.53 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.65 and a beta of 0.96. The business’s 50 day moving average price is $207.41 and its 200-day moving average price is $228.37. Nordson Co. has a 52 week low of $165.07 and a 52 week high of $279.38.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS 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 during the quarter, compared to the consensus estimate of $639.40 million. 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. Shareholders of record on Thursday, March 20th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.86%. Nordson’s dividend payout ratio is currently 39.69%.

Nordson 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.