Fifth Third Bancorp Acquires 90 Shares of Nordson Co. (NASDAQ:NDSN)

Fifth Third Bancorp raised its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,553 shares of the industrial products company’s stock after buying an additional 90 shares during the quarter. Fifth Third Bancorp’s holdings in Nordson were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. Geode Capital Management LLC grew its position in Nordson by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after acquiring an additional 14,780 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Nordson by 5.7% in the 3rd quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock worth $86,727,000 after acquiring an additional 17,732 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after purchasing an additional 61,430 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

NASDAQ NDSN opened at $220.22 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.64 and a beta of 0.95. The company’s 50 day moving average is $224.86 and its two-hundred day moving average is $241.49.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period in the prior year, the company posted $2.46 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $279.25.

Insider Activity

In other news, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,928 shares of company stock valued at $433,080. 0.80% of the stock is currently owned by insiders.

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.