Nordson Co. (NASDAQ:NDSN) Position Reduced by Schroder Investment Management Group

Schroder Investment Management Group cut its position in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,535 shares of the industrial products company’s stock after selling 63,952 shares during the quarter. Schroder Investment Management Group owned 0.23% of Nordson worth $35,010,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tobam lifted its stake in Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Nordson during the fourth quarter valued at about $26,000. Sound Income Strategies LLC purchased a new stake in Nordson during the fourth quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake in Nordson during the fourth quarter valued at about $28,000. Finally, Quent Capital LLC lifted its stake in Nordson by 64.9% during the fourth quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after buying an additional 48 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Trading Down 0.2 %

NASDAQ:NDSN opened at $226.15 on Monday. The stock’s 50 day moving average price is $257.90 and its 200 day moving average price is $256.89. Nordson Co. has a 52 week low of $208.91 and a 52 week high of $279.38. The company has a market capitalization of $12.95 billion, a P/E ratio of 26.95, a P/E/G ratio of 1.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21.

Nordson (NASDAQ:NDSNGet Free Report) last announced its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The company had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. During the same quarter last year, the company posted $2.26 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts forecast that Nordson Co. will post 9.52 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 1.20%. Nordson’s dividend payout ratio (DPR) is presently 32.42%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. DA Davidson reduced their price target on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Robert W. Baird reduced their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Wells Fargo & Company increased their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, KeyCorp reissued a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.83.

Check Out Our Latest Stock Analysis on Nordson

About Nordson

(Free Report)

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.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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