Sumitomo Mitsui Trust Group Inc. Purchases 4,963 Shares of Nordson Co. (NASDAQ:NDSN)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Nordson Co. (NASDAQ:NDSN - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,619 shares of the industrial products company's stock after acquiring an additional 4,963 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Nordson worth $25,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company's stock worth $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company's stock worth $27,327,000 after purchasing an additional 103,653 shares during the last quarter. Natixis Advisors LLC boosted its stake 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 worth $41,386,000 after purchasing an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Nordson by 23.6% during 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. boosted its stake in shares of Nordson by 10.5% during 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 during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of NASDAQ NDSN traded down $0.86 during midday trading on Friday, reaching $216.42. 299,621 shares of the company traded hands, compared to its average volume of 351,441. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The stock has a 50-day moving average price of $216.37 and a 200 day moving average price of $239.69. 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 $12.36 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.62 and a beta of 0.95.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share 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 for the quarter, compared to analysts' expectations of $736.83 million. During the same period in the previous year, the business earned $2.46 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson's dividend payout ratio (DPR) is presently 38.47%.

Analysts Set New Price Targets

NDSN has been the topic of several research analyst reports. 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. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Nordson has an average rating of "Moderate Buy" and an average price target of $279.25.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 1,703 shares of company stock worth $374,069. 0.80% of the stock is owned by corporate insiders.

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.