Nordson Co. (NASDAQ:NDSN) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 15.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 128,197 shares of the industrial products company's stock after selling 23,594 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.22% of Nordson worth $26,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its position in Nordson by 26.1% in 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 last quarter. Tortoise Investment Management LLC raised its holdings in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 115 shares during the last quarter. Brooklyn Investment Group lifted its position in Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 278 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Nordson in the fourth quarter worth approximately $98,000. Finally, Quarry LP bought a new stake in Nordson in the 3rd quarter worth approximately $109,000. 72.11% of the stock is currently owned by institutional investors.

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 value of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents 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. 0.80% of the stock is currently owned by company insiders.

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Nordson Price Performance

Shares of NASDAQ NDSN traded up $1.26 during mid-day trading on Monday, hitting $201.72. 382,168 shares of the company's stock traded hands, compared to its average volume of 281,357. The company has a market capitalization of $11.48 billion, a P/E ratio of 25.66, a PEG ratio of 1.65 and a beta of 0.92. 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 2.53 and a quick ratio of 1.51. The company's 50-day moving average is $212.73 and its two-hundred day moving average is $231.79.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson's dividend payout ratio is presently 39.69%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NDSN. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and increased their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. 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 reduced their price target on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus target price of $256.20.

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.