Handelsbanken Fonder AB Purchases 1,100 Shares of Nordson Co. (NASDAQ:NDSN)

Handelsbanken Fonder AB raised its position in Nordson Co. (NASDAQ:NDSN) by 8.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,730 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in Nordson were worth $3,082,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares in the last quarter. UMB Bank n.a. lifted its stake in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares in the last quarter. Brooklyn Investment Group lifted its stake in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 278 shares in the last quarter. Covestor Ltd lifted its stake in Nordson by 18.8% in the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares in the last quarter. Finally, Quarry LP bought a new stake in Nordson in the 3rd quarter valued at approximately $109,000. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 1.2 %

NDSN stock opened at $212.80 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.15 billion, a PE ratio of 27.07, a PEG ratio of 1.65 and a beta of 0.95. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The business’s 50 day simple moving average is $213.62 and its 200 day simple moving average is $238.75.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million for the quarter, compared to analyst estimates of $639.40 million. As a group, research analysts anticipate that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio is 39.69%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of analyst reports. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and upped their price objective for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Robert W. Baird reiterated a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson dropped their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Finally, BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research note on Monday. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and an average price target of $255.25.

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.