JPMorgan Chase & Co. Has $135.14 Million Stock Holdings in Nordson Co. (NASDAQ:NDSN)

JPMorgan Chase & Co. boosted its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 514,557 shares of the industrial products company's stock after acquiring an additional 48,720 shares during the period. JPMorgan Chase & Co. owned about 0.90% of Nordson worth $135,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Procyon Advisors LLC grew its position in Nordson by 2.9% in the 3rd quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company's stock worth $367,000 after purchasing an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company's stock worth $1,052,000 after buying an additional 39 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in Nordson by 1.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company's stock valued at $752,000 after acquiring an additional 42 shares during the period. Covestor Ltd increased its position in Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 43 shares during the period. Finally, Van ECK Associates Corp raised its stake in Nordson by 0.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,724 shares of the industrial products company's stock valued at $1,792,000 after acquiring an additional 49 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 3,287 shares of the company's stock, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company's stock, valued at $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,629 shares of company stock worth $914,400. Corporate insiders own 0.86% of the company's stock.

Nordson Price Performance

Nordson stock traded down $4.27 during mid-day trading on Thursday, hitting $204.97. The company's stock had a trading volume of 228,646 shares, compared to its average volume of 251,042. The stock has a market capitalization of $11.69 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.70 and a beta of 0.90. Nordson Co. has a twelve month low of $204.27 and a twelve month high of $279.38. The stock's fifty day moving average price is $242.30 and its two-hundred day moving average price is $244.04. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million for the quarter, compared to analysts' expectations of $736.83 million. During the same period in the previous year, the firm posted $2.46 EPS. The company's quarterly revenue was up 3.5% on a year-over-year basis. Research analysts forecast that Nordson Co. will post 10.34 earnings per share for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, January 2nd. Nordson's dividend payout ratio is 38.47%.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of research analyst reports. Robert W. Baird reissued a "neutral" rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. 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. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Baird R W cut Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $279.00.

Nordson 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.