Fiera Capital Corp grew its position in Nordson Corporation (NASDAQ:NDSN – Free Report) by 33.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 247,898 shares of the industrial products company’s stock after purchasing an additional 62,232 shares during the period. Fiera Capital Corp’s holdings in Nordson were worth $59,602,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Nordson by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 891,016 shares of the industrial products company’s stock worth $214,227,000 after buying an additional 172,400 shares during the period. Palladiem LLC acquired a new position in shares of Nordson in the fourth quarter worth about $105,000. Syon Capital LLC boosted its holdings in shares of Nordson by 4.0% in the fourth quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock worth $255,000 after buying an additional 41 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Nordson in the fourth quarter worth about $52,000. Finally, Havemeyer Place LP acquired a new position in shares of Nordson in the fourth quarter worth about $699,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Nordson Price Performance
NDSN opened at $282.73 on Monday. Nordson Corporation has a fifty-two week low of $207.08 and a fifty-two week high of $305.28. The business has a 50-day moving average of $278.74 and a 200-day moving average of $268.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65. The company has a market capitalization of $15.75 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97.
Nordson Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.2%. Nordson’s dividend payout ratio (DPR) is 34.97%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on NDSN shares. Oppenheimer increased their price objective on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Robert W. Baird increased their price objective on Nordson from $278.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. DA Davidson increased their price objective on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price objective on shares of Nordson in a research note on Monday, February 23rd. Finally, Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $311.29.
View Our Latest Research Report on NDSN
Insider Transactions at Nordson
In other news, EVP Srinivas Subramanian sold 3,100 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $280.00, for a total transaction of $868,000.00. Following the completion of the sale, the executive vice president directly owned 6,407 shares of the company’s stock, valued at $1,793,960. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Hall sold 716 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total value of $197,487.12. Following the sale, the executive vice president directly owned 1,515 shares of the company’s stock, valued at $417,867.30. This trade represents a 32.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by company insiders.
Nordson Company Profile
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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