Natixis Advisors L.P. Acquires 5,098 Shares of Nordson Co. (NASDAQ:NDSN)

Natixis Advisors L.P. grew its stake in shares of Nordson Co. (NASDAQ:NDSN) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,236 shares of the industrial products company’s stock after purchasing an additional 5,098 shares during the quarter. Natixis Advisors L.P. owned approximately 0.11% of Nordson worth $16,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in Nordson by 21.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,011 shares of the industrial products company’s stock worth $4,689,000 after acquiring an additional 3,652 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Nordson by 78.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,821 shares of the industrial products company’s stock worth $1,299,000 after purchasing an additional 2,567 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Nordson by 5.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,337 shares of the industrial products company’s stock worth $2,084,000 after purchasing an additional 504 shares in the last quarter. Forsta AP Fonden bought a new position in shares of Nordson during the 3rd quarter worth approximately $2,589,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nordson by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,715 shares of the industrial products company’s stock valued at $5,516,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 1.9 %

Shares of NASDAQ:NDSN opened at $270.65 on Tuesday. Nordson Co. has a 52-week low of $208.90 and a 52-week high of $278.00. The stock has a market cap of $15.48 billion, a P/E ratio of 31.65, a PEG ratio of 2.00 and a beta of 1.00. The business has a fifty day moving average of $265.89 and a two-hundred day moving average of $252.26. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The business had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. During the same period last year, the business posted $1.95 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, February 16th. Nordson’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NDSN. Wells Fargo & Company raised their price target on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, DA Davidson upped their price target on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.00.

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.