Asset Management One Co. Ltd. Acquires 597 Shares of Nordson Co. (NASDAQ:NDSN)

Asset Management One Co. Ltd. increased its position in shares of Nordson Co. (NASDAQ:NDSN) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,203 shares of the industrial products company’s stock after buying an additional 597 shares during the period. Asset Management One Co. Ltd. owned about 0.07% of Nordson worth $8,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased 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 buying an additional 91 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the last quarter. Covestor Ltd increased its stake in shares of Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Nordson by 84.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,703 shares of company stock worth $374,069 in the last three months. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

NDSN has been the subject of a number of research analyst reports. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their target price for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $279.25.

Nordson Stock Down 0.4 %

Shares of NASDAQ:NDSN opened at $216.42 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.41 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 stock’s fifty day simple moving average is $215.59 and its 200-day simple moving average is $239.43. The company has a market capitalization of $12.36 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.62 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same period in the prior year, the firm posted $2.46 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

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 $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.44%. The ex-dividend date 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.