3,850 Shares in Nordson Co. (NASDAQ:NDSN) Acquired by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Nordson Co. (NASDAQ:NDSN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,850 shares of the industrial products company’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also modified their holdings of NDSN. Canada Post Corp Registered Pension Plan bought a new stake in Nordson in the 4th quarter worth approximately $92,000. Barclays PLC grew its holdings in shares of Nordson by 6.1% in the fourth quarter. Barclays PLC now owns 104,876 shares of the industrial products company’s stock worth $21,945,000 after acquiring an additional 6,018 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in Nordson during the fourth quarter valued at $200,000. Townsquare Capital LLC increased its position in Nordson by 13.7% during the fourth quarter. Townsquare Capital LLC now owns 13,174 shares of the industrial products company’s stock valued at $2,756,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Distillate Capital Partners LLC bought a new position in Nordson in the fourth quarter valued at about $15,404,000. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NDSN opened at $183.09 on Wednesday. The company has a 50 day simple moving average of $203.47 and a two-hundred day simple moving average of $225.51. 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 firm has a market cap of $10.42 billion, a P/E ratio of 23.29, a PEG ratio of 1.65 and a beta of 0.96. Nordson Co. has a 1-year low of $165.03 and a 1-year high of $279.38.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share 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%. Equities analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared 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 1.70%. Nordson’s dividend payout ratio is presently 39.69%.

Wall Street Analysts Forecast Growth

NDSN has been the subject of several research reports. KeyCorp reduced their price target on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a report on Monday, February 24th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and lifted their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus target price of $250.20.

About Nordson

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.