Siemens Fonds Invest GmbH Takes Position in Nordson Co. (NASDAQ:NDSN)

Siemens Fonds Invest GmbH bought a new position in Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,331 shares of the industrial products company’s stock, valued at approximately $8,648,000.

A number of other large investors have also added to or reduced their stakes in NDSN. New York Life Investment Management LLC boosted its stake in shares of Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after buying an additional 49 shares during the last quarter. UMB Bank n.a. raised its position in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 52 shares during the period. Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of Nordson by 1.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 56 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Nordson by 1.4% during 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 acquiring an additional 58 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Nordson by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NDSN shares. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and lifted their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research note on Monday, February 24th. Finally, KeyCorp lowered their target price on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Four research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.20.

Nordson Trading Down 0.0%

NDSN stock opened at $201.10 on Friday. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.65 and a beta of 0.90. The business has a 50 day simple moving average of $192.93 and a two-hundred day simple moving average of $215.91. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $274.72. 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 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). The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Research analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.55%. Nordson’s dividend payout ratio (DPR) is 39.69%.

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.