State of Alaska Department of Revenue Has $3.23 Million Holdings in Nordson Co. (NASDAQ:NDSN)

State of Alaska Department of Revenue lifted its stake in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,444 shares of the industrial products company's stock after acquiring an additional 3,185 shares during the quarter. State of Alaska Department of Revenue's holdings in Nordson were worth $3,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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 worth $692,916,000 after buying an additional 177,282 shares in the last quarter. International Assets Investment Management LLC raised its position in Nordson by 26,109.1% in the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after acquiring an additional 103,653 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company's stock valued at $41,386,000 after purchasing an additional 65,436 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 worth $84,499,000 after purchasing an additional 61,430 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 worth $135,138,000 after purchasing an additional 48,720 shares in the last quarter. Institutional investors own 72.11% of the company's stock.

Nordson Stock Up 1.4 %

NDSN traded up $2.95 on Thursday, reaching $217.28. 283,959 shares of the company traded hands, compared to its average volume of 332,181. Nordson Co. has a 52-week low of $196.83 and a 52-week 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 company has a market cap of $12.40 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.62 and a beta of 0.95. The stock's 50 day moving average price is $217.12 and its 200-day moving average price is $239.95.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same period last year, the company earned $2.46 earnings per share. Nordson's quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. Nordson's dividend payout ratio is currently 38.47%.

Analysts Set New Price Targets

NDSN has been the subject of a number of research reports. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Robert W. Baird restated a "neutral" rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson reduced their target price on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and lifted their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $279.25.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 317 shares of the firm'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 value of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares of the company's stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 1,703 shares of company stock worth $374,069. Corporate insiders own 0.80% of the company's stock.

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.