Nordson Co. (NASDAQ:NDSN) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System boosted its position in Nordson Co. (NASDAQ:NDSN) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,759 shares of the industrial products company’s stock after acquiring an additional 172 shares during the period. Arizona State Retirement System’s holdings in Nordson were worth $3,297,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares during the period. Brooklyn Investment Group grew its holdings in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after buying an additional 278 shares during the period. Covestor Ltd increased its stake in shares of Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the last quarter. Quarry LP purchased a new position in shares of Nordson during the 3rd quarter worth about $109,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Nordson in the fourth quarter worth approximately $179,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NDSN. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Tuesday, March 4th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $256.20.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $215.31 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.65 and a beta of 0.92. The business has a 50-day moving average of $213.28 and a 200-day moving average of $236.98.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The firm had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. On average, equities analysts anticipate 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 will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.78 dividend. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. Nordson’s payout ratio is currently 39.69%.

Nordson Company 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.