Nordson Co. (NASDAQ:NDSN) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,500 shares of the industrial products company's stock after selling 8,000 shares during the period. Swiss National Bank owned about 0.27% of Nordson worth $32,118,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. New York Life Investment Management LLC grew its stake in shares of Nordson by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company's stock valued at $1,530,000 after buying an additional 49 shares in the last quarter. UMB Bank n.a. grew its position in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 52 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Nordson by 1.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nordson by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the industrial products company's stock worth $884,000 after purchasing an additional 58 shares in the last quarter. Finally, CFS Investment Advisory Services LLC boosted its stake in shares of Nordson by 4.9% in the third quarter. CFS Investment Advisory Services LLC now owns 1,327 shares of the industrial products company's stock valued at $349,000 after purchasing an additional 62 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is owned by company insiders.

Nordson Stock Performance

NDSN stock traded down $1.78 during trading on Friday, hitting $203.86. 533,775 shares of the company's stock traded hands, compared to its average volume of 269,393. The stock has a fifty day moving average price of $213.47 and a two-hundred day moving average price of $234.18. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. As a group, equities analysts anticipate that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. Nordson's dividend payout ratio is currently 39.69%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson cut their price objective on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Robert W. Baird reiterated a "neutral" rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. KeyCorp raised Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and increased their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nordson has an average rating of "Moderate Buy" and an average target price of $256.20.

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.