Geode Capital Management LLC Has $303.92 Million Position in Nordson Co. (NASDAQ:NDSN)

Geode Capital Management LLC increased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,455,956 shares of the industrial products company’s stock after purchasing an additional 12,590 shares during the quarter. Geode Capital Management LLC owned 2.55% of Nordson worth $303,918,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NDSN. UMB Bank n.a. boosted its position in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC boosted its position in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 115 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares in the last quarter. Quarry LP acquired a new stake in shares of Nordson in the third quarter valued at approximately $109,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Nordson in the fourth quarter worth $98,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

Nordson Stock Down 5.2 %

NDSN stock opened at $176.73 on Friday. The business’s 50 day simple moving average is $210.54 and its 200 day simple moving average is $230.22. Nordson Co. has a 1-year low of $173.36 and a 1-year high of $279.38. The firm has a market capitalization of $10.06 billion, a PE ratio of 22.48, a PEG ratio of 1.65 and a beta of 0.96. 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 (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. As a group, research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, March 20th. Nordson’s payout ratio is 39.69%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BNP Paribas lowered shares of 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. Robert W. Baird reiterated a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson reduced their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $256.20.

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.