Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Nordson Co. (NASDAQ:NDSN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Nordson Co. (NASDAQ:NDSN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 73,082 shares of the industrial products company’s stock, valued at approximately $15,292,000.

Several other large investors also recently modified their holdings of NDSN. Norges Bank bought a new stake in shares of Nordson in the fourth quarter worth about $142,670,000. Raymond James Financial Inc. bought a new stake in shares of Nordson in the fourth quarter worth about $74,005,000. First Trust Advisors LP increased its holdings in shares of Nordson by 676.5% in the fourth quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company’s stock worth $51,539,000 after acquiring an additional 214,594 shares in the last quarter. FMR LLC increased its holdings in shares of Nordson by 19.2% in the fourth quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock worth $145,135,000 after acquiring an additional 111,538 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 93,146 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Up 6.8%

NDSN stock opened at $208.97 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The stock has a market capitalization of $11.89 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.65 and a beta of 0.90. The business has a 50-day moving average of $191.51 and a 200-day moving average of $212.11. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $266.86.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. The company had revenue of $682.94 million during the quarter, compared to analysts’ expectations of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Nordson’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 earnings per share. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.49%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent analyst reports. BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a report on Monday, February 24th. KeyCorp reduced their price objective on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.