New York State Common Retirement Fund Has $22.28 Million Holdings in Nordson Co. (NASDAQ:NDSN)

New York State Common Retirement Fund decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,474 shares of the industrial products company’s stock after selling 3,700 shares during the quarter. New York State Common Retirement Fund owned 0.19% of Nordson worth $22,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NDSN. Nomura Asset Management Co. Ltd. lifted its stake in Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after purchasing an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after buying an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after buying an additional 61,430 shares in the last quarter. Holocene Advisors LP lifted its stake in shares of Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after acquiring an additional 15,524 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after acquiring an additional 5,046 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ:NDSN opened at $215.44 on Friday. The company has a market capitalization of $12.30 billion, a PE ratio of 27.41, a P/E/G ratio of 1.64 and a beta of 0.95. Nordson Co. has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. The company has a 50 day simple moving average of $213.85 and a two-hundred day simple moving average of $238.84.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.31% and a net margin of 16.93%. Research analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors 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 annualized dividend and a dividend yield of 1.45%. Nordson’s payout ratio is 39.69%.

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,703 shares of company stock valued at $374,069 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NDSN shares. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and raised their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nordson presently 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.