Nordson Co. (NASDAQ:NDSN) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in shares of Nordson Co. (NASDAQ:NDSNFree Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,874 shares of the industrial products company’s stock after selling 23,406 shares during the period. Northern Trust Corp’s holdings in Nordson were worth $127,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NDSN. Norges Bank acquired a new position in shares of Nordson during the fourth quarter worth $158,948,000. Public Employees Retirement Association of Colorado grew its stake in shares of Nordson by 1,579.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock worth $91,762,000 after purchasing an additional 326,690 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Nordson by 53.4% in the third quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock valued at $176,534,000 after acquiring an additional 275,240 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Nordson by 24,445.4% in the fourth quarter. International Assets Investment Management LLC now owns 158,809 shares of the industrial products company’s stock valued at $41,951,000 after acquiring an additional 158,162 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Nordson by 158.5% in the fourth quarter. TD Asset Management Inc now owns 245,196 shares of the industrial products company’s stock valued at $64,771,000 after acquiring an additional 150,341 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

NDSN has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. DA Davidson decreased their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. KeyCorp restated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Finally, Robert W. Baird decreased their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.83.

View Our Latest Report on NDSN

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $225.28 on Tuesday. The company has a 50-day simple moving average of $257.90 and a 200-day simple moving average of $257.06. Nordson Co. has a one year low of $208.91 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.83 and a beta of 0.94.

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

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 1.21%. Nordson’s dividend payout ratio is currently 32.42%.

About Nordson

(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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