Desjardins Global Asset Management Inc. Has $277,000 Stock Position in Nordson Co. (NASDAQ:NDSN)

Desjardins Global Asset Management Inc. grew its position in Nordson Co. (NASDAQ:NDSN) by 147.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,136 shares of the industrial products company’s stock after buying an additional 676 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Nordson were worth $277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NDSN. Newbridge Financial Services Group Inc. grew its holdings in shares of Nordson by 208.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after buying an additional 75 shares during the period. Tobam lifted its position in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Nordson in the 4th quarter valued at $26,000. Sound Income Strategies LLC bought a new stake in Nordson in the 4th quarter valued at $27,000. Finally, Fortitude Family Office LLC bought a new stake in Nordson in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. DA Davidson boosted their price objective on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Wells Fargo & Company boosted their price objective on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Nordson Trading Down 0.6 %

Shares of NASDAQ:NDSN opened at $259.12 on Friday. The company’s 50-day moving average price is $266.84 and its two-hundred day moving average price is $248.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.37. Nordson Co. has a one year low of $208.90 and a one year high of $278.00. The stock has a market capitalization of $14.82 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $630.77 million. During the same period in the previous year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

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 dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.05%. Nordson’s dividend payout ratio is presently 31.81%.

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.