Nordson Co. (NASDAQ:NDSN) Stake Reduced by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its position in Nordson Co. (NASDAQ:NDSN) by 29.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 473,164 shares of the industrial products company’s stock after selling 196,269 shares during the quarter. Neuberger Berman Group LLC’s holdings in Nordson were worth $99,005,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Nordson by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock worth $1,302,887,000 after acquiring an additional 93,146 shares in the last quarter. Geode Capital Management LLC raised its position in Nordson by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock valued at $303,918,000 after buying an additional 12,590 shares during the last quarter. FMR LLC grew its stake in Nordson by 19.2% in the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock valued at $145,135,000 after purchasing an additional 111,538 shares in the last quarter. Norges Bank bought a new stake in shares of Nordson in the 4th quarter valued at about $142,670,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $187.29 on Thursday. The firm has a 50 day moving average of $206.08 and a 200 day moving average of $227.61. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $279.38. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data 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 firm had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. On average, sell-side analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.67%. Nordson’s dividend payout ratio is presently 39.69%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. KeyCorp cut their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and increased their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, DA Davidson cut their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.