California State Teachers Retirement System Acquires 633 Shares of Nordson Co. (NASDAQ:NDSN)

California State Teachers Retirement System grew its position in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,142 shares of the industrial products company’s stock after buying an additional 633 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Nordson worth $21,699,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Nordson by 48.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company’s stock worth $51,633,000 after buying an additional 75,466 shares during the period. Beacon Pointe Advisors LLC grew its holdings in shares of Nordson by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock worth $782,000 after purchasing an additional 133 shares in the last quarter. UBS Group AG grew its holdings in shares of Nordson by 14.8% during the 4th quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock worth $43,024,000 after purchasing an additional 21,016 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Nordson by 918.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock worth $3,187,000 after purchasing an additional 10,878 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Nordson during the 4th quarter worth $1,192,000. Institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NDSN. Wells Fargo & Company increased their target price on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. DA Davidson reduced their target price on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. KeyCorp reissued a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Robert W. Baird reduced their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Finally, StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $277.83.

Read Our Latest Analysis on Nordson

Nordson Stock Performance

NASDAQ:NDSN opened at $226.51 on Friday. The stock’s 50-day simple moving average is $258.86 and its 200 day simple moving average is $256.78. The firm has a market capitalization of $12.97 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson Co. has a twelve month low of $208.91 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSNGet Free Report) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The business had revenue of $650.64 million for the quarter, compared to analyst estimates of $661.06 million. During the same period last year, the firm posted $2.26 earnings per share. Nordson’s revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Nordson Co. will post 9.52 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s payout ratio is 32.42%.

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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