Blueshift Asset Management LLC Boosts Stock Holdings in Nordson Co. (NASDAQ:NDSN)

Blueshift Asset Management LLC grew its position in shares of Nordson Co. (NASDAQ:NDSN) by 107.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,756 shares of the industrial products company’s stock after purchasing an additional 911 shares during the quarter. Blueshift Asset Management LLC’s holdings in Nordson were worth $367,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Nordson by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock worth $45,533,000 after purchasing an additional 20,217 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 48,720 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares during the period. Holocene Advisors LP raised its stake in shares of Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after purchasing an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock worth $4,117,000 after purchasing an additional 5,046 shares during the period. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Nordson Stock Down 0.9 %

NDSN stock opened at $203.86 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $11.60 billion, a PE ratio of 25.94, a PEG ratio of 1.65 and a beta of 0.92. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The stock has a 50-day simple moving average of $213.54 and a two-hundred day simple moving average of $233.82.

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 company had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, equities analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, March 20th. Nordson’s payout ratio is presently 39.69%.

Analysts Set New Price Targets

NDSN has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. DA Davidson lowered their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. Finally, KeyCorp upgraded Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.20.

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.