Distillate Capital Partners LLC Invests $15.40 Million in Nordson Co. (NASDAQ:NDSN)

Distillate Capital Partners LLC acquired a new position in Nordson Co. (NASDAQ:NDSN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 73,880 shares of the industrial products company’s stock, valued at approximately $15,404,000.

Other institutional investors have also bought and sold shares of the company. MML Investors Services LLC boosted its holdings in shares of Nordson by 1.2% in the third quarter. MML Investors Services LLC now owns 5,514 shares of the industrial products company’s stock valued at $1,448,000 after acquiring an additional 68 shares in the last quarter. M&T Bank Corp boosted its stake in Nordson by 1.1% during the 3rd quarter. M&T Bank Corp now owns 8,526 shares of the industrial products company’s stock valued at $2,239,000 after purchasing an additional 93 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after purchasing an additional 14,780 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Nordson by 8.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,311 shares of the industrial products company’s stock worth $4,523,000 after buying an additional 1,326 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Nordson by 1.8% in the third quarter. Tidal Investments LLC now owns 14,181 shares of the industrial products company’s stock valued at $3,724,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NDSN. Loop Capital raised 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 report on Wednesday, January 22nd. KeyCorp lowered their price objective on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Four investment 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $250.20.

Nordson Stock Up 2.5 %

NDSN stock opened at $185.56 on Friday. Nordson Co. has a 52-week low of $165.03 and a 52-week high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a market capitalization of $10.56 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.65 and a beta of 0.96. The company’s 50 day simple moving average is $204.74 and its 200-day simple moving average is $226.59.

Nordson (NASDAQ:NDSN) last announced 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). The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s payout ratio is presently 39.69%.

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.