Janus Henderson Group PLC Has $42.05 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Janus Henderson Group PLC grew its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,953 shares of the industrial products company’s stock after buying an additional 2,715 shares during the quarter. Janus Henderson Group PLC’s holdings in Nordson were worth $42,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NDSN. New York Life Investment Management LLC boosted its stake in Nordson by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 49 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its holdings in Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after buying an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position 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 buying an additional 58 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Nordson by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock valued at $312,000 after buying an additional 66 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Down 0.2%

Shares of NASDAQ:NDSN opened at $202.60 on Wednesday. Nordson Co. has a 1 year low of $165.03 and a 1 year high of $275.80. The company has a market capitalization of $11.53 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The business has a fifty day moving average price of $193.44 and a two-hundred day moving average price of $216.36. 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 (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

Wall Street Analysts Forecast Growth

NDSN has been the subject of several recent analyst reports. KeyCorp reduced 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. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Finally, Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and increased their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.