New York State Common Retirement Fund Has $34.95 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

New York State Common Retirement Fund lowered its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,287 shares of the industrial products company’s stock after selling 4,804 shares during the period. New York State Common Retirement Fund owned approximately 0.23% of Nordson worth $34,945,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NDSN. Newbridge Financial Services Group Inc. grew its stake in Nordson by 208.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 75 shares during the period. Tobam grew its stake in Nordson by 2,275.0% in the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. FNY Investment Advisers LLC acquired a new stake in Nordson in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in Nordson in the fourth quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC acquired a new stake in Nordson in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the subject of a number of research reports. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. KeyCorp restated a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. DA Davidson raised their target price on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Company raised their target price on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Nordson Stock Down 0.2 %

NDSN stock opened at $259.66 on Friday. The stock’s 50 day moving average is $266.51 and its 200-day moving average is $249.94. The firm has a market capitalization of $14.85 billion, a PE ratio of 30.37, a P/E/G ratio of 1.96 and a beta of 1.00. Nordson Co. has a twelve month low of $208.90 and a twelve month high of $278.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. Nordson had a return on equity of 20.59% and a net margin of 18.59%. Nordson’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.95 earnings per share. Sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.05%. Nordson’s dividend payout ratio (DPR) is currently 31.81%.

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.