Nordson Co. (NASDAQ:NDSN) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its position in shares of Nordson Co. (NASDAQ:NDSN) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,863 shares of the industrial products company’s stock after acquiring an additional 4,416 shares during the quarter. Wells Fargo & Company MN’s holdings in Nordson were worth $128,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. increased its stake in Nordson by 49.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,536 shares of the industrial products company’s stock worth $670,000 after acquiring an additional 842 shares during the last quarter. UBS Group AG boosted its position in shares of Nordson by 14.8% in the fourth quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock worth $43,024,000 after buying an additional 21,016 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Nordson by 10.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,259 shares of the industrial products company’s stock worth $333,000 after buying an additional 118 shares during the period. Norges Bank purchased a new stake in shares of Nordson in the fourth quarter worth about $158,948,000. Finally, Mizuho Markets Americas LLC boosted its position in shares of Nordson by 66.7% in the fourth quarter. Mizuho Markets Americas LLC now owns 21,421 shares of the industrial products company’s stock worth $5,659,000 after buying an additional 8,571 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Down 0.0 %

Shares of NASDAQ NDSN opened at $243.12 on Thursday. The stock’s 50 day moving average price is $266.57 and its two-hundred day moving average price is $256.54. Nordson Co. has a 52-week low of $208.90 and a 52-week high of $279.38. The stock has a market capitalization of $13.90 billion, a P/E ratio of 28.98, a PEG ratio of 1.96 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 2.21 and a debt-to-equity ratio of 0.51.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The firm had revenue of $650.64 million for the quarter, compared to analysts’ expectations of $661.06 million. During the same quarter in the prior year, the firm posted $2.26 earnings per share. Nordson’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts anticipate that Nordson Co. will post 9.55 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, May 20th. Nordson’s payout ratio is 32.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NDSN shares. Wells Fargo & Company upped their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Robert W. Baird reduced their price target on Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com raised Nordson from a “hold” rating to a “buy” rating in a report on Monday. Finally, DA Davidson reduced their price target on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.83.

About Nordson

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.