Nordson Co. (NASDAQ:NDSN) Shares Bought by Swiss National Bank

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Swiss National Bank raised its holdings in Nordson Co. (NASDAQ:NDSN) by 3.0% during the 1st quarter, Holdings Channel reports. The firm owned 95,327 shares of the industrial products company’s stock after acquiring an additional 2,800 shares during the period. Swiss National Bank’s holdings in Nordson were worth $12,633,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Doyle Wealth Management acquired a new position in Nordson during the 4th quarter worth approximately $30,000. CX Institutional bought a new stake in Nordson in the first quarter valued at approximately $30,000. Cordasco Financial Network bought a new stake in Nordson in the first quarter valued at approximately $30,000. Penserra Capital Management LLC bought a new position in shares of Nordson during the fourth quarter valued at approximately $36,000. Finally, Icon Wealth Partners LLC purchased a new stake in Nordson in the first quarter worth $56,000. 69.08% of the stock is currently owned by institutional investors.

In other Nordson news, CEO Michael F. Hilton sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $128.06, for a total transaction of $768,360.00. Following the completion of the transaction, the chief executive officer now owns 224,455 shares of the company’s stock, valued at $28,743,707.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gina A. Beredo sold 700 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $137.26, for a total value of $96,082.00. Following the transaction, the vice president now directly owns 6,208 shares of the company’s stock, valued at approximately $852,110.08. The disclosure for this sale can be found here. Insiders sold a total of 32,658 shares of company stock valued at $4,350,613 in the last ninety days. 1.97% of the stock is currently owned by insiders.

NDSN has been the topic of a number of research analyst reports. Zacks Investment Research raised Nordson from a “sell” rating to a “hold” rating and set a $139.00 price target on the stock in a report on Monday. BidaskClub lowered Nordson from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. ValuEngine downgraded Nordson from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, Oppenheimer boosted their target price on Nordson from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Nordson has a consensus rating of “Hold” and a consensus target price of $137.80.

NASDAQ NDSN traded down $0.16 during trading hours on Wednesday, reaching $133.38. The company’s stock had a trading volume of 2,550 shares, compared to its average volume of 218,935. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.70 and a beta of 1.19. Nordson Co. has a 1-year low of $110.16 and a 1-year high of $149.23. The company has a current ratio of 2.16, a quick ratio of 1.53 and a debt-to-equity ratio of 0.83.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). The business had revenue of $551.00 million during the quarter, compared to analyst estimates of $558.34 million. Nordson had a return on equity of 22.46% and a net margin of 14.64%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts predict that Nordson Co. will post 6.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.05%. Nordson’s payout ratio is 23.57%.

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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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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