Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.04 Million Position in Nordson Co. (NASDAQ:NDSN)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Nordson Co. (NASDAQ:NDSN) by 64.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,988 shares of the industrial products company’s stock after selling 9,071 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nordson were worth $1,044,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in shares of Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after purchasing an additional 42 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after buying an additional 43 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Nordson by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after buying an additional 49 shares during the period. UMB Bank n.a. boosted its holdings in shares of Nordson by 26.1% during the 4th 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. Finally, Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of Nordson by 1.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after buying an additional 56 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDSN has been the subject of several research analyst reports. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson reduced their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a report on Monday. Finally, Robert W. Baird reissued a “neutral” rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $255.25.

Nordson Stock Performance

NASDAQ NDSN opened at $210.99 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.04 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.65 and a beta of 0.95. Nordson Co. has a 12-month low of $196.83 and a 12-month high of $279.38. The firm has a 50-day moving average price of $213.41 and a two-hundred day moving average price of $238.42.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data 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). The business had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is presently 39.69%.

Insider Activity

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were 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 directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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.