New York Life Investment Management LLC Has $1.73 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

New York Life Investment Management LLC lifted its stake in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,769 shares of the industrial products company’s stock after acquiring an additional 102 shares during the quarter. New York Life Investment Management LLC’s holdings in Nordson were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Kestra Private Wealth Services LLC increased its holdings in Nordson by 262.4% in the third quarter. Kestra Private Wealth Services LLC now owns 5,624 shares of the industrial products company’s stock worth $1,255,000 after purchasing an additional 4,072 shares in the last quarter. United Asset Strategies Inc. boosted its position in Nordson by 10.6% in the third quarter. United Asset Strategies Inc. now owns 2,702 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 258 shares during the last quarter. Metis Global Partners LLC boosted its position in Nordson by 22.6% in the third quarter. Metis Global Partners LLC now owns 1,929 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 356 shares during the last quarter. Barclays PLC raised its stake in shares of Nordson by 40.3% in the third quarter. Barclays PLC now owns 117,600 shares of the industrial products company’s stock valued at $26,245,000 after buying an additional 33,799 shares during the period. Finally, Atria Investments Inc raised its stake in shares of Nordson by 7.0% in the third quarter. Atria Investments Inc now owns 10,207 shares of the industrial products company’s stock valued at $2,278,000 after buying an additional 666 shares during the period. 70.88% of the stock is currently owned by institutional investors.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 221 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $232.59, for a total transaction of $51,402.39. Following the completion of the sale, the executive vice president now directly owns 8,868 shares in the company, valued at approximately $2,062,608.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Nordson news, EVP Stephen Lovass sold 221 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $232.59, for a total value of $51,402.39. Following the completion of the sale, the executive vice president now owns 8,868 shares in the company, valued at approximately $2,062,608.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Srinivas Subramanian sold 2,100 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $250.79, for a total value of $526,659.00. Following the completion of the sale, the executive vice president now owns 4,565 shares of the company’s stock, valued at approximately $1,144,856.35. The disclosure for this sale can be found here. In the last three months, insiders sold 12,118 shares of company stock worth $3,002,920. 0.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.83.

Check Out Our Latest Stock Report on Nordson

Nordson Price Performance

Shares of NASDAQ NDSN opened at $253.65 on Wednesday. The firm has a market capitalization of $14.49 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.90 and a beta of 1.00. The company has a quick ratio of 1.33, a current ratio of 2.11 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $251.33 and its two-hundred day simple moving average is $238.22. Nordson Co. has a twelve month low of $202.57 and a twelve month high of $265.99.

Nordson (NASDAQ:NDSNGet Free Report) last announced its earnings results on Thursday, December 14th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.06. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $706.19 million. Nordson had a return on equity of 20.56% and a net margin of 18.55%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 EPS. As a group, equities analysts anticipate that Nordson Co. will post 10.22 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.07%. Nordson’s dividend payout ratio is currently 32.15%.

Nordson Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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