Vestmark Advisory Solutions Inc. Purchases 518 Shares of Nordson Co. (NASDAQ:NDSN)

Vestmark Advisory Solutions Inc. increased its holdings in Nordson Co. (NASDAQ:NDSN) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,199 shares of the industrial products company’s stock after purchasing an additional 518 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Nordson were worth $4,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Nordson by 48.4% in the third quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company’s stock valued at $51,633,000 after acquiring an additional 75,466 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Nordson during the 4th quarter worth approximately $1,192,000. Assenagon Asset Management S.A. lifted its stake in shares of Nordson by 918.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock valued at $3,187,000 after purchasing an additional 10,878 shares during the period. Morgan Stanley boosted its position in shares of Nordson by 9.2% during the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock valued at $310,534,000 after purchasing an additional 117,337 shares in the last quarter. Finally, Vest Financial LLC boosted its position in shares of Nordson by 34.1% during the fourth quarter. Vest Financial LLC now owns 124,251 shares of the industrial products company’s stock valued at $32,822,000 after purchasing an additional 31,605 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on NDSN shares. DA Davidson raised their price objective on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. KeyCorp reissued a “sector weight” rating on shares of Nordson in a research note 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, Wells Fargo & Company boosted their price objective on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Nordson has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Nordson Stock Performance

NDSN stock traded up $2.81 during midday trading on Friday, reaching $265.61. 171,161 shares of the company’s stock traded hands, compared to its average volume of 181,727. The stock’s 50-day moving average is $265.90 and its 200 day moving average is $251.44. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56. The stock has a market cap of $15.19 billion, a P/E ratio of 31.07, a PEG ratio of 1.98 and a beta of 1.00. Nordson Co. has a 52-week low of $208.90 and a 52-week high of $278.00.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The firm had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 earnings per share. As a group, analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.02%. Nordson’s dividend payout ratio (DPR) is presently 31.81%.

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.