Louisiana State Employees Retirement System Purchases Shares of 3,300 Nordson Co. (NASDAQ:NDSN)

Louisiana State Employees Retirement System purchased a new stake in Nordson Co. (NASDAQ:NDSN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,300 shares of the industrial products company’s stock, valued at approximately $872,000.

Several other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Nordson by 17.0% in the 3rd quarter. IFP Advisors Inc now owns 1,018 shares of the industrial products company’s stock worth $227,000 after buying an additional 148 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Nordson by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $38,000 after buying an additional 56 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Nordson by 208.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after buying an additional 75 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Nordson in the 3rd quarter worth approximately $204,000. Finally, Czech National Bank raised its holdings in shares of Nordson by 48.5% in the 3rd quarter. Czech National Bank now owns 9,462 shares of the industrial products company’s stock worth $2,112,000 after buying an additional 3,091 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Down 0.2 %

Shares of NDSN opened at $259.66 on Friday. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. The business’s fifty day moving average price is $266.51 and its two-hundred day moving average price is $249.94. Nordson Co. has a 52 week low of $208.90 and a 52 week high of $278.00.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $630.77 million. During the same period last year, the company earned $1.95 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.05%. Nordson’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. DA Davidson increased their target price on Nordson from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. KeyCorp restated a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Finally, Wells Fargo & Company increased their price target on Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

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.