Mitsubishi UFJ Trust & Banking Corp Has $26.83 Million Stock Position in Nordson Co. (NASDAQ:NDSN)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Nordson Co. (NASDAQ:NDSN) by 15.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 128,197 shares of the industrial products company’s stock after selling 23,594 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.22% of Nordson worth $26,825,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NDSN. Raymond James Financial Inc. acquired a new stake in shares of Nordson during the fourth quarter worth $74,005,000. State Street Corp boosted its position in Nordson by 7.2% during the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after acquiring an additional 177,282 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 acquiring an additional 93,146 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after acquiring an additional 48,720 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Nordson by 22.5% in the 4th quarter. Natixis Advisors LLC now owns 193,076 shares of the industrial products company’s stock worth $40,399,000 after acquiring an additional 35,494 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Insider Activity at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction 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 in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DA Davidson cut their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Loop Capital upgraded shares of 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 report on Wednesday, January 22nd. Finally, Robert W. Baird reiterated 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. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.20.

Nordson Stock Performance

Shares of NDSN stock opened at $206.55 on Thursday. Nordson Co. has a 12 month low of $196.83 and a 12 month high of $279.38. The firm has a market capitalization of $11.76 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The firm has a fifty day simple moving average of $213.49 and a two-hundred day simple moving average of $232.85. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last posted its earnings results 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 analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Analysts forecast that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.51%. Nordson’s dividend payout ratio (DPR) is currently 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.