Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 9,071 Shares of Nordson Co. (NASDAQ:NDSN)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Nordson by 16.0% in the third quarter. Creative Planning now owns 4,147 shares of the industrial products company's stock valued at $1,089,000 after purchasing an additional 572 shares during the period. Blue Trust Inc. increased its holdings in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 91 shares during the period. Private Advisor Group LLC increased its holdings in shares of Nordson by 21.4% in the third quarter. Private Advisor Group LLC now owns 2,365 shares of the industrial products company's stock valued at $621,000 after purchasing an additional 417 shares during the period. Ballentine Partners LLC acquired a new position in shares of Nordson in the third quarter valued at approximately $208,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Nordson by 39.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,648 shares of the industrial products company's stock valued at $1,740,000 after purchasing an additional 1,875 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

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Nordson Price Performance

NDSN traded up $0.79 during trading on Friday, reaching $210.29. 550,781 shares of the stock were exchanged, compared to its average volume of 351,209. The business's 50 day moving average price is $213.43 and its two-hundred day moving average price is $238.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.65 and a beta of 0.95. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) 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). The company had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business 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 39.69%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson decreased their price target on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Robert W. Baird restated a "neutral" rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $255.25.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares of the company's stock, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.80% of the company's stock.

About Nordson

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.