Nordson Co. (NASDAQ:NDSN) Shares Bought by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. grew its holdings in Nordson Co. (NASDAQ:NDSN) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,090 shares of the industrial products company’s stock after buying an additional 302 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Nordson were worth $437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its position in Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after acquiring an additional 103,653 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after purchasing an additional 65,436 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Nordson by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock valued at $135,138,000 after buying an additional 48,720 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Stock Performance

Shares of NDSN opened at $215.30 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. Nordson Co. has a 1 year low of $196.83 and a 1 year high of $279.38. The stock has a market capitalization of $12.29 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.66 and a beta of 0.95. The company’s fifty day moving average is $221.33 and its two-hundred day moving average is $240.81.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $2.46 EPS. On average, sell-side analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors 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 1.45%. The ex-dividend date was Thursday, January 2nd. Nordson’s payout ratio is currently 38.47%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NDSN shares. Loop Capital raised 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 report on Wednesday, January 22nd. Robert W. Baird reissued a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson reduced their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $279.25.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,928 shares of company stock worth $433,080. 0.80% of the stock is currently owned by company insiders.

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.