Massachusetts Financial Services Co. MA Grows Stock Position in Nordson Co. (NASDAQ:NDSN)

Massachusetts Financial Services Co. MA boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 23.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 397,924 shares of the industrial products company’s stock after acquiring an additional 76,182 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Nordson were worth $83,262,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 278 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Nordson during the fourth quarter worth $98,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Nordson by 166.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 480 shares of the industrial products company’s stock valued at $100,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NDSN shares. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a report on Monday, February 24th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $256.20.

Nordson Stock Down 5.2 %

Shares of NASDAQ:NDSN opened at $176.73 on Friday. 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 stock has a market cap of $10.06 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a 1-year low of $173.36 and a 1-year high of $279.38. The firm has a fifty day moving average price of $210.54 and a 200 day moving average price of $230.39.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Sell-side analysts predict that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.77%. Nordson’s dividend payout ratio (DPR) is 39.69%.

Nordson 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.