Mackenzie Financial Corp Has $521,000 Stake in Nordson Co. (NASDAQ:NDSN)

Mackenzie Financial Corp trimmed its position in Nordson Co. (NASDAQ:NDSN) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,971 shares of the industrial products company’s stock after selling 361 shares during the period. Mackenzie Financial Corp’s holdings in Nordson were worth $521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its position in Nordson by 208.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Tobam raised its holdings in shares of Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Nordson in the fourth quarter worth $26,000. Sound Income Strategies LLC acquired a new position in Nordson during the fourth quarter worth $27,000. Finally, Fortitude Family Office LLC bought a new position in Nordson in the fourth quarter valued at $28,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NASDAQ:NDSN opened at $260.40 on Friday. Nordson Co. has a 12-month low of $208.90 and a 12-month high of $278.00. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 1.96 and a beta of 1.00. The stock’s 50 day moving average price is $266.44 and its two-hundred day moving average price is $250.19. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.

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

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.04%. Nordson’s dividend payout ratio (DPR) is currently 31.81%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. DA Davidson increased their price target on 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 target on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus price target of $278.00.

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.