Czech National Bank Increases Stock Position in Nordson Co. (NASDAQ:NDSN)

Czech National Bank increased its position in Nordson Co. (NASDAQ:NDSN) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,779 shares of the industrial products company’s stock after buying an additional 697 shares during the quarter. Czech National Bank’s holdings in Nordson were worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nordson by 13.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after purchasing an additional 20,217 shares during the period. JPMorgan Chase & Co. raised its holdings in Nordson by 10.5% in 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 during the period. Massachusetts Financial Services Co. MA lifted its position in Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares in the last quarter. Worldquant Millennium Advisors LLC grew its stake in Nordson by 47.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after buying an additional 5,046 shares during the period. Finally, Holocene Advisors LP increased its position in shares of Nordson by 113.8% in the third quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after acquiring an additional 15,524 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, DA Davidson reduced their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $279.00.

Nordson Stock Up 1.1 %

Shares of NASDAQ NDSN opened at $213.82 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The stock’s 50-day simple moving average is $234.03 and its 200-day simple moving average is $242.49. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.51 and a beta of 0.95.

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

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.46%. Nordson’s dividend payout ratio is presently 38.47%.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,928 shares of company stock worth $433,080 in the last ninety days. 0.86% of the stock is owned by insiders.

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.