New York Life Investment Management LLC Purchases 49 Shares of Nordson Co. (NASDAQ:NDSN)

New York Life Investment Management LLC boosted its position in shares of Nordson Co. (NASDAQ:NDSN) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,314 shares of the industrial products company’s stock after acquiring an additional 49 shares during the quarter. New York Life Investment Management LLC’s holdings in Nordson were worth $1,530,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NDSN. State Street Corp grew its holdings in Nordson by 7.2% during 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 during the last quarter. Natixis Advisors LLC boosted its position in 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 buying an additional 65,436 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Nordson by 23.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after buying an additional 61,430 shares during the period. JPMorgan Chase & Co. boosted its position in Nordson by 10.5% in the 3rd 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 period. Finally, Bank of New York Mellon Corp boosted its position in Nordson by 6.0% in the 4th quarter. Bank of New York Mellon Corp now owns 510,239 shares of the industrial products company’s stock valued at $106,762,000 after buying an additional 28,967 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on NDSN. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. DA Davidson lowered their price objective 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. BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.25.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the firm’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 directly owns 7,347 shares in the company, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by insiders.

Nordson Price Performance

NASDAQ NDSN opened at $207.10 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The firm’s 50 day moving average price is $213.38 and its 200-day moving average price is $237.84. Nordson Co. has a 52-week low of $196.83 and a 52-week high of $279.38. The company has a market cap of $11.79 billion, a PE ratio of 26.35, a P/E/G ratio of 1.65 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Sell-side analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.51%. Nordson’s dividend payout ratio (DPR) is 39.69%.

About Nordson

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.