Centiva Capital LP Invests $496,000 in Nordson Co. (NASDAQ:NDSN)

Centiva Capital LP acquired a new stake in Nordson Co. (NASDAQ:NDSN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,371 shares of the industrial products company’s stock, valued at approximately $496,000.

Other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC boosted its holdings in Nordson by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after buying an additional 49 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of 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. Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of Nordson by 1.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Nordson by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 58 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Nordson by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 66 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $192.62 on Friday. The business has a 50-day moving average of $193.77 and a two-hundred day moving average of $216.99. The firm has a market capitalization of $10.96 billion, a PE ratio of 24.51, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 12 month low of $165.03 and a 12 month high of $279.29.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS 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 business had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. As a group, research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.62%. Nordson’s dividend payout ratio is currently 39.69%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. KeyCorp dropped their target price on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $250.20.

Nordson 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.