Xponance Inc. Has $1.83 Million Stake in Nordson Co. (NASDAQ:NDSN)

Xponance Inc. decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,912 shares of the industrial products company’s stock after selling 581 shares during the period. Xponance Inc.’s holdings in Nordson were worth $1,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of Nordson by 48.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company’s stock worth $51,633,000 after purchasing an additional 75,466 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Nordson during the 4th quarter worth about $1,192,000. Assenagon Asset Management S.A. increased its holdings in shares of Nordson by 918.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock worth $3,187,000 after purchasing an additional 10,878 shares during the period. Morgan Stanley increased its holdings in shares of Nordson by 9.2% during the 3rd quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock worth $310,534,000 after purchasing an additional 117,337 shares during the period. Finally, Vest Financial LLC increased its stake in Nordson by 34.1% in the fourth quarter. Vest Financial LLC now owns 124,251 shares of the industrial products company’s stock valued at $32,822,000 after acquiring an additional 31,605 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ NDSN opened at $262.08 on Wednesday. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.96 and a beta of 1.00. The company has a 50 day moving average of $266.71 and a 200-day moving average of $249.80. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. Nordson Co. has a 1-year low of $208.90 and a 1-year high of $278.00.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.18. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.95 earnings per share. On average, equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.04%. Nordson’s dividend payout ratio (DPR) is currently 31.81%.

Analyst Ratings Changes

Several research analysts recently issued reports on NDSN shares. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. KeyCorp reissued a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. DA Davidson increased their price target on shares of Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued 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 $278.00.

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.