State of New Jersey Common Pension Fund D Sells 376 Shares of Nordson Co. (NASDAQ:NDSN)

State of New Jersey Common Pension Fund D lessened its position in Nordson Co. (NASDAQ:NDSN) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,900 shares of the industrial products company’s stock after selling 376 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Nordson were worth $3,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning lifted its position in shares of Nordson by 16.0% during the 3rd quarter. Creative Planning now owns 4,147 shares of the industrial products company’s stock worth $1,089,000 after purchasing an additional 572 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Nordson during the third quarter worth approximately $209,000. Blue Trust Inc. boosted its position in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the period. OLD National Bancorp IN boosted its position in shares of Nordson by 2.6% in the third quarter. OLD National Bancorp IN now owns 2,060 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 53 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Nordson by 84.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,703 shares of company stock worth $374,069 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average target price of $279.25.

Nordson Stock Down 0.8 %

Shares of NDSN opened at $217.73 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $214.28 and a two-hundred day moving average price of $239.12. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.63 and a beta of 0.95. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 17.37% and a return on equity of 19.87%. Equities analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio is currently 38.47%.

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.