2,371 Shares in Nordson Co. (NASDAQ:NDSN) Bought by Centiva Capital LP

Centiva Capital LP acquired a new stake in Nordson Co. (NASDAQ:NDSN) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,371 shares of the industrial products company’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bridgefront Capital LLC bought a new position in Nordson during the 4th quarter valued at $1,165,000. Captrust Financial Advisors raised its stake in shares of Nordson by 16.3% in the 4th quarter. Captrust Financial Advisors now owns 2,776 shares of the industrial products company’s stock valued at $581,000 after purchasing an additional 390 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Nordson during the fourth quarter worth about $173,000. Baird Financial Group Inc. grew its stake in Nordson by 17.7% in the fourth quarter. Baird Financial Group Inc. now owns 5,882 shares of the industrial products company’s stock worth $1,231,000 after purchasing an additional 884 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Nordson in the fourth quarter valued at about $13,207,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. 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 note on Monday, February 24th. Finally, 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. Four 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $250.20.

Nordson Stock Performance

Shares of NDSN opened at $192.62 on Friday. The firm has a fifty day moving average of $193.77 and a 200-day moving average of $216.99. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. 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 $279.29.

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 firm 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%. As a group, equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.62%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

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.