Dimensional Fund Advisors LP Has $80.27 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Dimensional Fund Advisors LP lowered its stake in shares of Nordson Co. (NASDAQ:NDSN – Get Rating) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,665 shares of the industrial products company’s stock after selling 2,021 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Nordson worth $80,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Nordson by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,050,206 shares of the industrial products company’s stock valued at $1,284,278,000 after purchasing an additional 16,460 shares during the period. State Street Corp boosted its stake in Nordson by 19.1% in the first quarter. State Street Corp now owns 2,467,509 shares of the industrial products company’s stock valued at $560,322,000 after acquiring an additional 395,419 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Nordson by 0.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,097,082 shares of the industrial products company’s stock valued at $445,148,000 after acquiring an additional 10,037 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Nordson by 258.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 878,782 shares of the industrial products company’s stock valued at $177,900,000 after buying an additional 633,821 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Nordson by 70.8% during the 1st quarter. Invesco Ltd. now owns 738,911 shares of the industrial products company’s stock valued at $167,792,000 after buying an additional 306,300 shares in the last quarter. Institutional investors and hedge funds own 70.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of recent research reports. Robert W. Baird upped their price target on shares of Nordson from $241.00 to $251.00 in a research note on Wednesday. StockNews.com assumed coverage on shares of Nordson in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Loop Capital lowered their target price on shares of Nordson from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Tuesday, March 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Nordson currently has an average rating of “Hold” and an average target price of $252.20.

Nordson Trading Down 2.6 %

Shares of NASDAQ NDSN opened at $213.80 on Thursday. The firm’s 50 day moving average price is $215.16 and its 200-day moving average price is $227.42. The company has a market cap of $12.24 billion, a PE ratio of 24.00, a P/E/G ratio of 1.86 and a beta of 0.91. Nordson Co. has a 52-week low of $194.89 and a 52-week high of $251.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 1.17.

Nordson (NASDAQ:NDSN – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The industrial products company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.14. Nordson had a net margin of 19.75% and a return on equity of 22.40%. The firm had revenue of $650.17 million during the quarter, compared to analysts’ expectations of $638.87 million. During the same period in the previous year, the company earned $2.43 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Nordson Co. will post 9.1 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. Nordson’s dividend payout ratio is currently 29.18%.

Nordson Profile

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Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.