North Dakota State Investment Board bought a new stake in Nordson Corporation (NASDAQ:NDSN – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,855 shares of the industrial products company’s stock, valued at approximately $446,000.
Other large investors also recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in Nordson by 70.8% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Nordson in the second quarter valued at $31,000. MUFG Securities EMEA plc acquired a new stake in Nordson in the second quarter valued at $34,000. Root Financial Partners LLC acquired a new stake in Nordson in the third quarter valued at $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Nordson by 398.2% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.
Nordson Stock Up 1.1%
NDSN opened at $289.90 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.60 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.17 billion, a P/E ratio of 30.91, a PEG ratio of 1.92 and a beta of 0.99. Nordson Corporation has a 52 week low of $191.99 and a 52 week high of $305.28. The business’s fifty day simple moving average is $274.97 and its 200 day simple moving average is $264.17.
Nordson Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s dividend payout ratio (DPR) is presently 35.42%.
Insider Buying and Selling
In related news, EVP Justin E. Hall sold 716 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the sale, the executive vice president owned 1,515 shares of the company’s stock, valued at $417,867.30. This trade represents a 32.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundaram Nagarajan sold 41,800 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $293.26, for a total value of $12,258,268.00. Following the sale, the chief executive officer directly owned 64,824 shares in the company, valued at approximately $19,010,286.24. The trade was a 39.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 77,393 shares of company stock worth $22,549,703 in the last ninety days. 0.84% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have weighed in on NDSN shares. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 target price on shares of Nordson in a report on Monday, February 23rd. Oppenheimer upped their target price on Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. BNP Paribas Exane upped their target price on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Nordson in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $308.43.
Read Our Latest Analysis on NDSN
Nordson Profile
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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