Tower Research Capital LLC TRC Boosts Stake in Nordson Co. (NASDAQ:NDSN)

Tower Research Capital LLC TRC grew its stake in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,750 shares of the industrial products company’s stock after buying an additional 1,828 shares during the period. Tower Research Capital LLC TRC’s holdings in Nordson were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Tobam raised its stake in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Nordson in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in shares of Nordson during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new stake in Nordson during the fourth quarter worth approximately $28,000. Finally, Quent Capital LLC grew its stake in Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 48 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN opened at $225.28 on Tuesday. Nordson Co. has a 52-week low of $208.91 and a 52-week high of $279.38. The company has a 50 day moving average of $257.90 and a two-hundred day moving average of $257.06. The company has a market cap of $12.90 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.83 and a beta of 0.94. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51.

Nordson (NASDAQ:NDSNGet Free Report) last announced its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The firm had revenue of $650.64 million during the quarter, compared to analysts’ expectations of $661.06 million. During the same period in the prior year, the company earned $2.26 EPS. The firm’s revenue was up .1% on a year-over-year basis. On average, analysts expect that Nordson Co. will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio (DPR) is presently 32.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NDSN. StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Wells Fargo & Company raised their target price 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. DA Davidson dropped 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. Finally, Robert W. Baird decreased their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and a consensus price target of $277.83.

View Our Latest Stock Report 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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