Nordson Co. (NASDAQ:NDSN) Stock Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Nordson Co. (NASDAQ:NDSN) by 34.5% in the 4th quarter, Holdings Channel reports. The fund owned 8,895 shares of the industrial products company’s stock after buying an additional 2,282 shares during the period. Pacer Advisors Inc.’s holdings in Nordson were worth $1,861,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the period. Geode Capital Management LLC increased its stake in Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after buying an additional 14,780 shares during the period. JPMorgan Chase & Co. increased its stake in Nordson by 10.5% in the 3rd 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. Raymond James & Associates increased its stake in Nordson by 5.7% in the 3rd quarter. Raymond James & Associates now owns 330,225 shares of the industrial products company’s stock valued at $86,727,000 after buying an additional 17,732 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Nordson by 23.6% in the 3rd 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 during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

NDSN has been the topic of several research reports. DA Davidson dropped their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and increased their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.25.

Insider Activity at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on 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 $862,081.49. This represents a 6.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction on Tuesday, January 7th. The shares were 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 of the company’s stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,928 shares of company stock worth $433,080. 0.80% of the stock is owned by insiders.

Nordson Stock Performance

NASDAQ:NDSN opened at $220.22 on Friday. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The firm’s fifty day simple moving average is $224.86 and its 200 day simple moving average is $241.48. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.57 billion, a PE ratio of 27.15, a PEG ratio of 1.64 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same period last year, the business posted $2.46 EPS. Nordson’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.42%. Nordson’s payout ratio is presently 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.