Nordson Co. (NASDAQ:NDSN) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,938 shares of the industrial products company's stock after purchasing an additional 2,290 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Nordson were worth $1,888,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NDSN. State Street Corp increased its position in shares of Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock valued at $692,916,000 after acquiring an additional 177,282 shares during the period. Geode Capital Management LLC increased its position in shares of Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company's stock valued at $377,919,000 after acquiring an additional 14,780 shares during the period. JPMorgan Chase & Co. increased its position in shares of Nordson by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock valued at $135,138,000 after acquiring an additional 48,720 shares during the period. Raymond James & Associates increased its position in shares of Nordson by 5.7% in the 3rd quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company's stock valued at $86,727,000 after acquiring an additional 17,732 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock valued at $84,499,000 after acquiring an additional 61,430 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NDSN. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and upped their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Robert W. Baird reissued a "neutral" rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Finally, DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $279.25.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company's stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 1,703 shares of company stock valued at $374,069 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Nordson Stock Performance

NASDAQ:NDSN traded down $0.86 during mid-day trading on Friday, hitting $216.42. The company's stock had a trading volume of 299,621 shares, compared to its average volume of 331,094. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.62 and a beta of 0.95. The business's fifty day moving average is $216.37 and its two-hundred day moving average is $239.75.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same period in the prior year, the company posted $2.46 EPS. The company's revenue for the quarter was up 3.5% on a year-over-year basis. Analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal 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 paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson's payout ratio is currently 38.47%.

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.