iSAM Funds UK Ltd Purchases New Stake in Nordson Co. (NASDAQ:NDSN)

iSAM Funds UK Ltd purchased a new stake in shares of Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,503 shares of the industrial products company’s stock, valued at approximately $314,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Nordson by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock worth $1,302,887,000 after purchasing an additional 93,146 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Nordson by 3.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company’s stock valued at $326,803,000 after acquiring an additional 47,052 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nordson by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock valued at $303,918,000 after acquiring an additional 12,590 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Nordson by 2.9% during the 4th quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock valued at $180,036,000 after acquiring an additional 24,030 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Nordson by 0.7% in the 4th quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company’s stock valued at $159,280,000 after buying an additional 4,955 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Performance

NDSN opened at $202.40 on Wednesday. The stock’s 50 day simple moving average is $192.92 and its 200-day simple moving average is $214.74. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock has a market cap of $11.52 billion, a PE ratio of 25.75, a P/E/G ratio of 1.65 and a beta of 0.90. Nordson Co. has a 1 year low of $165.03 and a 1 year high of $266.86.

Nordson (NASDAQ:NDSN) last announced 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). The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Sell-side analysts forecast that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s dividend payout ratio is 39.69%.

Wall Street Analysts Forecast Growth

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