Nuance Investments LLC decreased its position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) by 63.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,965 shares of the industrial products company’s stock after selling 22,630 shares during the period. Nuance Investments LLC’s holdings in Nordson were worth $2,942,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Nordson in the 2nd quarter worth approximately $139,218,000. State Street Corp raised its stake in Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after buying an additional 133,229 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Nordson by 10.2% in the second quarter. ProShare Advisors LLC now owns 866,396 shares of the industrial products company’s stock worth $185,729,000 after acquiring an additional 80,285 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Nordson by 501.5% in the second quarter. Squarepoint Ops LLC now owns 80,053 shares of the industrial products company’s stock worth $17,161,000 after acquiring an additional 66,744 shares during the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of Nordson by 22.8% during the second quarter. Boston Trust Walden Corp now owns 355,613 shares of the industrial products company’s stock valued at $76,233,000 after acquiring an additional 65,980 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.
Nordson Price Performance
NASDAQ NDSN opened at $290.18 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $291.01. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.00 and a beta of 1.01. The company’s 50 day moving average is $254.37 and its two-hundred day moving average is $236.39.
Nordson Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 17th were paid a $0.82 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.28 annualized dividend and a yield of 1.1%. Nordson’s dividend payout ratio is 38.45%.
Wall Street Analyst Weigh In
NDSN has been the topic of several analyst reports. KeyCorp upped their target price on shares of Nordson from $250.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. DA Davidson set a $290.00 price objective on shares of Nordson in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nordson in a research report on Monday, December 29th. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Vertical Research upgraded Nordson from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $266.29.
View Our Latest Report on Nordson
About Nordson
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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