Nordson Co. (NASDAQ:NDSN) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lessened its stake in Nordson Co. (NASDAQ:NDSN) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the industrial products company’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Nordson were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in NDSN. Blue Trust Inc. boosted its position in shares of Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the period. UMB Bank n.a. boosted its holdings in shares of 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 during the period. Brooklyn Investment Group grew its position in shares of Nordson by 695.0% during the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the last quarter. Covestor Ltd increased its holdings in shares of 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 period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Nordson by 84.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 1.4 %

NDSN opened at $219.52 on Wednesday. The business has a 50 day simple moving average of $214.92 and a 200-day simple moving average of $239.27. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The stock has a market capitalization of $12.53 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same period in the previous year, the firm earned $2.46 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.42%. Nordson’s payout ratio is 38.47%.

Insider Transactions at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction on Tuesday, January 7th. The stock was 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 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 filing with the SEC, which is available through this hyperlink. Insiders have sold 1,703 shares of company stock valued at $374,069 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NDSN has been the topic of a number of recent research reports. 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. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and an average target price of $279.25.

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.