Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Nordson Co. (NASDAQ:NDSN – Get Rating) by 163.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,725 shares of the industrial products company’s stock after purchasing an additional 10,994 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nordson were worth $4,214,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of NDSN. D.A. Davidson & CO. raised its holdings in shares of Nordson by 18.4% in the 1st quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 147 shares during the period. Panagora Asset Management Inc. raised its holdings in Nordson by 461.0% during the 1st quarter. Panagora Asset Management Inc. now owns 5,296 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 4,352 shares during the period. Raymond James Trust N.A. raised its holdings in Nordson by 7.5% during the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 150 shares during the period. Vontobel Holding Ltd. bought a new stake in Nordson during the 1st quarter valued at $219,000. Finally, Sei Investments Co. raised its holdings in Nordson by 2.1% during the 1st quarter. Sei Investments Co. now owns 46,732 shares of the industrial products company’s stock valued at $10,615,000 after acquiring an additional 970 shares during the period. Institutional investors own 70.40% of the company’s stock.
Nordson Stock Up 0.1 %
Shares of NASDAQ:NDSN opened at $218.84 on Friday. Nordson Co. has a 52-week low of $194.89 and a 52-week high of $251.26. The firm has a fifty day moving average of $218.94 and a 200 day moving average of $227.73. The firm has a market capitalization of $12.53 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.89 and a current ratio of 1.43.
Nordson Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, February 17th. This represents a $2.60 annualized dividend and a yield of 1.19%. Nordson’s dividend payout ratio (DPR) is presently 30.30%.
Analyst Ratings Changes
NDSN has been the topic of a number of analyst reports. Loop Capital lowered their target price on shares of Nordson from $250.00 to $225.00 and set a “hold” rating on the stock in a report on Tuesday, March 21st. Robert W. Baird lowered their target price on shares of Nordson from $259.00 to $241.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Finally, StockNews.com initiated coverage on shares of Nordson in a report on Thursday, March 16th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $250.20.
Insider Buying and Selling
In other Nordson news, EVP Jeffrey A. Pembroke sold 5,000 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $243.48, for a total value of $1,217,400.00. Following the completion of the sale, the executive vice president now directly owns 17,600 shares of the company’s stock, valued at $4,285,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nordson news, CFO Joseph P. Kelley sold 2,100 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $246.43, for a total value of $517,503.00. Following the completion of the sale, the chief financial officer now directly owns 9,091 shares of the company’s stock, valued at $2,240,295.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey A. Pembroke sold 5,000 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $243.48, for a total transaction of $1,217,400.00. Following the completion of the sale, the executive vice president now directly owns 17,600 shares of the company’s stock, valued at $4,285,248. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,119 shares of company stock worth $1,739,084. Corporate insiders own 0.70% of the company’s stock.
About Nordson
Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.
Read More
- Get a free copy of the StockNews.com research report on Nordson (NDSN)
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