Nordson Co. (NASDAQ:NDSN) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its position in Nordson Co. (NASDAQ:NDSN - Free Report) by 87.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,492 shares of the industrial products company's stock after selling 268,764 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.07% of Nordson worth $8,054,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NDSN. Three Seasons Wealth LLC acquired a new position in shares of Nordson during the 4th quarter worth $352,000. Two Sigma Securities LLC bought a new position in shares of Nordson in the fourth quarter worth about $579,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Nordson in the 4th quarter valued at approximately $229,000. Voya Investment Management LLC grew its holdings in shares of Nordson by 22.1% during the 4th quarter. Voya Investment Management LLC now owns 30,962 shares of the industrial products company's stock valued at $6,478,000 after purchasing an additional 5,609 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Nordson by 4.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,362 shares of the industrial products company's stock worth $913,000 after purchasing an additional 169 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Up 1.3 %

Shares of NASDAQ NDSN traded up $2.48 during mid-day trading on Friday, hitting $192.84. 333,191 shares of the stock traded hands, compared to its average volume of 305,350. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.65 and a beta of 0.90. The stock has a fifty day moving average price of $195.55 and a 200-day moving average price of $218.90. Nordson Co. has a 52 week low of $165.03 and a 52 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 2.53.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio is presently 39.69%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and boosted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Finally, KeyCorp reduced their target price on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four investment 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.20.

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.