NewEdge Advisors LLC Purchases 5,021 Shares of Nordson Co. (NASDAQ:NDSN)

NewEdge Advisors LLC boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 895.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,582 shares of the industrial products company’s stock after buying an additional 5,021 shares during the quarter. NewEdge Advisors LLC’s holdings in Nordson were worth $1,168,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NDSN. UMB Bank n.a. raised its holdings in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 115 shares during the period. Brooklyn Investment Group lifted its holdings in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 278 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Nordson in the 4th quarter valued at $92,000. Finally, Generali Asset Management SPA SGR acquired a new position in Nordson in the 4th quarter valued at $98,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $189.45 on Friday. The firm has a 50 day moving average of $198.76 and a 200-day moving average of $222.11. The stock has a market capitalization of $10.78 billion, a PE ratio of 24.10, a PEG ratio of 1.65 and a beta of 0.96. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12 month low of $165.03 and a 12 month high of $279.38.

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

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp reduced their target price on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and increased their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.