iSAM Funds UK Ltd Makes New Investment in Nordson Co. (NASDAQ:NDSN)

iSAM Funds UK Ltd acquired a new position in Nordson Co. (NASDAQ:NDSN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,503 shares of the industrial products company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Nordson by 1.5% in 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 purchasing an additional 93,146 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Nordson by 3.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company’s stock worth $326,803,000 after purchasing an additional 47,052 shares in the last quarter. Geode Capital Management LLC boosted its stake in Nordson by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock worth $303,918,000 after purchasing an additional 12,590 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in Nordson by 2.9% in the fourth quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock worth $180,036,000 after purchasing an additional 24,030 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Nordson by 0.7% during the fourth quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company’s stock valued at $159,280,000 after acquiring an additional 4,955 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NDSN. 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, April 8th. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Finally, Loop Capital raised Nordson from a “hold” rating to a “buy” rating and upped their price target for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.20.

Nordson Trading Down 1.0%

NASDAQ NDSN opened at $202.40 on Wednesday. The stock has a 50-day simple moving average of $192.92 and a 200 day simple moving average of $214.74. The company has a market capitalization of $11.52 billion, a PE ratio of 25.75, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12 month low of $165.03 and a 12 month high of $266.86.

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

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued 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 1.54%. Nordson’s dividend payout ratio is presently 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.