Public Employees Retirement Association of Colorado Sells 268,764 Shares of Nordson Co. (NASDAQ:NDSN)

Public Employees Retirement Association of Colorado reduced its stake in shares of Nordson Co. (NASDAQ:NDSN) by 87.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,492 shares of the industrial products company’s stock after selling 268,764 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Nordson were worth $8,054,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NDSN. Vanguard Group Inc. grew its stake in shares of Nordson by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock valued at $1,302,887,000 after buying an additional 93,146 shares during the last quarter. Geode Capital Management LLC grew its position in Nordson by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock worth $303,918,000 after acquiring an additional 12,590 shares during the last quarter. Champlain Investment Partners LLC grew its position in Nordson by 2.9% during the 4th quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock worth $180,036,000 after acquiring an additional 24,030 shares during the last quarter. FMR LLC grew its position in Nordson by 19.2% during the 4th quarter. FMR LLC now owns 693,627 shares of the industrial products company’s stock worth $145,135,000 after acquiring an additional 111,538 shares during the last quarter. Finally, Norges Bank bought a new position in Nordson during the 4th quarter worth approximately $142,670,000. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

NDSN has been the topic of several recent research reports. KeyCorp reduced their price target on Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $250.20.

Nordson Price Performance

Shares of NDSN stock opened at $188.70 on Tuesday. The firm has a market cap of $10.74 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.65 and a beta of 0.96. Nordson Co. has a fifty-two week low of $165.03 and a fifty-two week high of $279.38. The business’s 50 day moving average price is $197.55 and its 200-day moving average price is $220.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data 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). The business had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, equities research analysts anticipate 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, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 20th. Nordson’s payout ratio is presently 39.69%.

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.