KLP Kapitalforvaltning AS Acquires Shares of 18,200 Nordson Co. (NASDAQ:NDSN)

KLP Kapitalforvaltning AS acquired a new position in Nordson Co. (NASDAQ:NDSN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,200 shares of the industrial products company's stock, valued at approximately $3,808,000.

A number of other large investors have also recently made changes to their positions in NDSN. UMB Bank n.a. boosted its stake in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC grew its position in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after acquiring an additional 115 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock worth $67,000 after buying an additional 278 shares during the period. Generali Asset Management SPA SGR bought a new position in Nordson during the 4th quarter valued at approximately $98,000. Finally, Quarry LP bought a new position in Nordson in the 3rd quarter worth $109,000. 72.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NDSN. Baird R W cut Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and increased their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. KeyCorp raised Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 target price for the company in a research report on Tuesday, March 4th. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. 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 research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus target price of $256.20.

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Nordson Trading Down 2.9 %

NDSN traded down $6.09 during trading hours on Friday, reaching $200.46. 300,382 shares of the company's stock traded hands, compared to its average volume of 280,954. The firm has a 50-day moving average price of $213.03 and a 200 day moving average price of $232.12. The firm has a market capitalization of $11.41 billion, a PE ratio of 25.50, a PEG ratio of 1.65 and a beta of 0.92. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results 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 company had revenue of $615.42 million for 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, sell-side analysts predict 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 issued a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.56%. Nordson's payout ratio is currently 39.69%.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.