Mutual of America Capital Management LLC Trims Stake in Nordson Co. (NASDAQ:NDSN)

Mutual of America Capital Management LLC lessened its position in Nordson Co. (NASDAQ:NDSN) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,509 shares of the industrial products company’s stock after selling 194 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nordson were worth $1,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in Nordson by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 8,575 shares of the industrial products company’s stock worth $2,143,000 after purchasing an additional 851 shares in the last quarter. QRG Capital Management Inc. grew its stake in Nordson by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 49 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company’s stock worth $77,723,000 after acquiring an additional 13,184 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of Nordson by 11.0% during the 3rd quarter. Portside Wealth Group LLC now owns 1,086 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 108 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Nordson during the 3rd quarter worth about $228,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. BNP Paribas cut 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. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Tuesday, March 4th. Finally, DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by company insiders.

Nordson Stock Up 1.8 %

Shares of NASDAQ NDSN opened at $215.31 on Friday. The stock has a market cap of $12.25 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The business has a 50-day moving average price of $213.28 and a 200 day moving average price of $237.05.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data 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). The company had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Equities research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s dividend payout ratio is presently 39.69%.

About Nordson

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.