Tredje AP fonden Cuts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Tredje AP fonden cut its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,201 shares of the industrial products company's stock after selling 5,921 shares during the period. Tredje AP fonden owned 0.11% of Nordson worth $13,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NDSN. UMB Bank n.a. boosted its stake in Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock worth $57,000 after acquiring an additional 115 shares during the last quarter. Brooklyn Investment Group grew its stake in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 278 shares in the last quarter. Covestor Ltd raised its holdings 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 last quarter. Finally, Quarry LP acquired a new position in shares of Nordson during the 3rd quarter worth approximately $109,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Nordson Trading Down 1.0 %

NDSN traded down $2.15 on Tuesday, hitting $208.53. The company had a trading volume of 251,764 shares, compared to its average volume of 267,351. The company's fifty day moving average price is $213.21 and its 200 day moving average price is $234.90. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm has a market cap of $11.87 billion, a P/E ratio of 26.53, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%. Nordson's payout ratio is presently 39.69%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp upgraded Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective on the stock in a research report on Tuesday, March 4th. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Loop Capital raised 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 research note on Wednesday, January 22nd. Finally, Baird R W cut shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.20.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated 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 $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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.