California State Teachers Retirement System decreased its stake in Nordson Co. (NASDAQ:NDSN) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,140 shares of the industrial products company’s stock after selling 1,373 shares during the period. California State Teachers Retirement System owned 0.16% of Nordson worth $13,489,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of NDSN. New York State Common Retirement Fund increased its stake in shares of Nordson by 1.1% in the third quarter. New York State Common Retirement Fund now owns 187,437 shares of the industrial products company’s stock valued at $22,211,000 after buying an additional 2,000 shares during the period. Rhumbline Advisers increased its stake in shares of Nordson by 6.6% in the third quarter. Rhumbline Advisers now owns 119,835 shares of the industrial products company’s stock valued at $14,200,000 after buying an additional 7,439 shares during the period. Quantbot Technologies LP increased its stake in shares of Nordson by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,507 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Nordson by 10.3% in the third quarter. Advisors Asset Management Inc. now owns 4,974 shares of the industrial products company’s stock valued at $589,000 after buying an additional 464 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Nordson by 40.7% in the third quarter. Macquarie Group Ltd. now owns 24,625 shares of the industrial products company’s stock valued at $2,918,000 after buying an additional 7,125 shares during the period. 66.70% of the stock is owned by institutional investors.
Shares of Nordson Co. (NASDAQ NDSN) opened at $135.27 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.52 and a debt-to-equity ratio of 0.97. Nordson Co. has a one year low of $107.16 and a one year high of $151.84. The company has a market capitalization of $8,225.74, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.01. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The firm had revenue of $550.42 million during the quarter, compared to analysts’ expectations of $538.21 million. During the same quarter last year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. equities research analysts expect that Nordson Co. will post 6.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.89%. Nordson’s dividend payout ratio (DPR) is presently 20.00%.
In other Nordson news, SVP John J. Keane sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total value of $3,007,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph P. Keithley sold 1,518 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $149.89, for a total value of $227,533.02. The disclosure for this sale can be found here. Insiders sold 188,003 shares of company stock valued at $26,852,329 in the last three months. Insiders own 2.01% of the company’s stock.
Several equities research analysts recently commented on the company. Wells Fargo reaffirmed a “market perform” rating and set a $140.00 target price (down previously from $155.00) on shares of Nordson in a research note on Monday, February 26th. They noted that the move was a valuation call. Gabelli cut Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Robert W. Baird reaffirmed a “neutral” rating on shares of Nordson in a research note on Friday, February 23rd. SunTrust Banks raised their target price on Nordson to $166.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, B. Riley set a $175.00 target price on Nordson and gave the stock a “buy” rating in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Nordson has a consensus rating of “Hold” and an average price target of $152.40.
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Nordson Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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