Swiss National Bank increased its holdings in Nordson Co. (NASDAQ:NDSN) by 2.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 88,427 shares of the industrial products company’s stock after acquiring an additional 2,100 shares during the quarter. Swiss National Bank’s holdings in Nordson were worth $12,946,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of Nordson by 312.3% in the fourth quarter. Teacher Retirement System of Texas now owns 17,691 shares of the industrial products company’s stock worth $2,590,000 after buying an additional 13,400 shares in the last quarter. Price Capital Management Inc. purchased a new stake in shares of Nordson in the fourth quarter worth $688,000. Boston Financial Mangement LLC purchased a new stake in shares of Nordson in the fourth quarter worth $8,819,000. Raymond James Trust N.A. purchased a new stake in shares of Nordson in the fourth quarter worth $249,000. Finally, Opus Capital Group LLC purchased a new stake in shares of Nordson in the fourth quarter worth $284,000. Institutional investors own 66.96% of the company’s stock.
Shares of Nordson Co. (NDSN) opened at $138.89 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $8,029.22, a PE ratio of 25.86, a P/E/G ratio of 1.50 and a beta of 1.30. Nordson Co. has a 12 month low of $107.16 and a 12 month high of $151.84.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.86%. Nordson’s payout ratio is presently 23.62%.
A number of brokerages recently issued reports on NDSN. BidaskClub downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Barrington Research restated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. KeyCorp restated a “buy” rating and set a $165.00 price target (up previously from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. SunTrust Banks raised their price target on Nordson to $166.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Gabelli downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $147.40.
In other Nordson news, insider Gregory A. Thaxton sold 3,868 shares of Nordson stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $148.28, for a total transaction of $573,547.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James E. Devries sold 5,800 shares of Nordson stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $148.86, for a total value of $863,388.00. Following the sale, the vice president now directly owns 46,222 shares in the company, valued at $6,880,606.92. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock worth $12,623,580 over the last three months. 2.01% of the stock is owned by insiders.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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