Securian Asset Management Inc. Has $601,000 Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Securian Asset Management Inc. lessened its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,874 shares of the industrial products company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Nordson were worth $601,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its holdings in Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after acquiring an additional 20,217 shares during the period. JPMorgan Chase & Co. grew its holdings in Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after acquiring an additional 61,430 shares during the period. Holocene Advisors LP grew its holdings in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after acquiring an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its holdings in Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after acquiring an additional 5,046 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NASDAQ NDSN opened at $207.40 on Monday. The firm has a market cap of $11.80 billion, a PE ratio of 26.39, a PEG ratio of 1.65 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. The company has a fifty day moving average price of $213.13 and a 200 day moving average price of $235.21.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $639.40 million. Research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.50%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Analyst Upgrades and Downgrades

A number of analysts have commented on NDSN shares. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a report on Tuesday, March 4th. Finally, Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. 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.com, Nordson has an average rating of “Moderate Buy” and an average target price of $256.20.

Insiders Place Their Bets

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

Nordson 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.