Pacer Advisors Inc. Has $1.86 Million Position in Nordson Co. (NASDAQ:NDSN)

Pacer Advisors Inc. raised its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,895 shares of the industrial products company's stock after purchasing an additional 2,282 shares during the quarter. Pacer Advisors Inc.'s holdings in Nordson were worth $1,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDSN. Blue Trust Inc. increased its holdings in Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company's stock worth $42,000 after buying an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Nordson during the 3rd quarter worth $53,000. UMB Bank n.a. raised 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 valued at $53,000 after purchasing an additional 52 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Nordson by 695.0% in the 4th 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 last quarter. Finally, Covestor Ltd boosted its holdings in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock worth $72,000 after purchasing an additional 43 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Robert W. Baird reaffirmed a "neutral" rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W cut Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. DA Davidson decreased their price objective 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. Finally, Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $279.25.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 7,347 shares of the company's stock, 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 SEC, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock valued at $433,080 over the last ninety days. 0.80% of the stock is owned by company insiders.

Nordson Stock Performance

NDSN stock traded down $1.58 on Wednesday, reaching $215.55. 257,075 shares of the company were exchanged, compared to its average volume of 356,395. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The stock's fifty day moving average price is $222.21 and its 200 day moving average price is $240.99. The firm has a market capitalization of $12.31 billion, a PE ratio of 26.58, a PEG ratio of 1.66 and a beta of 0.95.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the prior year, the business earned $2.46 earnings per share. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.45%. Nordson's payout ratio is 38.47%.

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.