Teachers Retirement System of The State of Kentucky Has $849,000 Holdings in Nordson Co. (NASDAQ:NDSN)

Teachers Retirement System of The State of Kentucky decreased its stake in Nordson Co. (NASDAQ:NDSN - Free Report) by 76.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,060 shares of the industrial products company's stock after selling 13,290 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Nordson were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings 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 valued at $135,138,000 after buying an additional 48,720 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Nordson in the fourth quarter worth approximately $4,553,000. Principal Financial Group Inc. boosted its holdings in shares of Nordson by 4.7% during the third quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock worth $77,723,000 after purchasing an additional 13,184 shares during the period. Southern Style Financial Inc. purchased a new position in Nordson during the fourth quarter valued at approximately $399,000. Finally, Clark & Stuart Inc acquired a new position in Nordson in the 4th quarter valued at approximately $4,137,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Up 1.3 %

Shares of NASDAQ:NDSN traded up $2.48 on Friday, reaching $192.84. The company had a trading volume of 333,191 shares, compared to its average volume of 305,350. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $10.97 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.65 and a beta of 0.96. The stock has a 50-day moving average price of $195.55 and a 200 day moving average price of $219.16. Nordson Co. has a twelve month low of $165.03 and a twelve month high of $279.38.

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

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson's dividend payout ratio is 39.69%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. KeyCorp decreased their target price on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $250.20.

Nordson 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.