956 Shares in Nordson Co. (NASDAQ:NDSN) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in Nordson Co. (NASDAQ:NDSN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 956 shares of the industrial products company’s stock, valued at approximately $200,000.

Several other large investors also recently modified their holdings of NDSN. UMB Bank n.a. grew its holdings in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 52 shares in the last quarter. Tortoise Investment Management LLC lifted its position in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 115 shares during the last quarter. Brooklyn Investment Group grew its stake in Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 278 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in Nordson in the fourth quarter valued at about $98,000. Finally, Brown Brothers Harriman & Co. raised its stake in Nordson by 166.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company’s stock valued at $100,000 after buying an additional 300 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

NDSN stock opened at $180.81 on Friday. The stock’s fifty day moving average is $202.08 and its two-hundred day moving average is $224.64. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a 1 year low of $165.03 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. On average, research analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is 39.69%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NDSN. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. KeyCorp lowered their target price on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.20.

Nordson Company Profile

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.