Zurcher Kantonalbank Zurich Cantonalbank Acquires 837 Shares of Nordson Co. (NASDAQ:NDSN)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Nordson Co. (NASDAQ:NDSN) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,051 shares of the industrial products company’s stock after purchasing an additional 837 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nordson were worth $5,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NDSN. UMB Bank n.a. grew its position in Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after buying an additional 52 shares during the period. Brooklyn Investment Group grew its position in shares of Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 278 shares during the period. Quarry LP purchased a new stake in shares of Nordson during the 3rd quarter worth approximately $109,000. Golden State Wealth Management LLC bought a new stake in shares of Nordson in the 4th quarter worth approximately $179,000. Finally, Sound Income Strategies LLC lifted its stake in Nordson by 15.5% in the fourth quarter. Sound Income Strategies LLC now owns 871 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 117 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 2.7 %

NDSN stock opened at $207.40 on Friday. The stock has a 50-day simple moving average of $213.13 and a two-hundred day simple moving average of $235.50. Nordson Co. has a twelve month low of $196.83 and a twelve month high of $279.38. The firm has a market capitalization of $11.80 billion, a PE ratio of 26.39, a PEG ratio of 1.65 and a beta of 0.92. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The firm had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. On average, equities analysts predict that Nordson Co. will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.78 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.50%. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NDSN. DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Loop Capital upgraded 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 note on Wednesday, January 22nd. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a research note on Tuesday, March 4th. Finally, BNP Paribas cut shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average target price of $256.20.

Insider Activity at Nordson

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares in the company, valued at $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

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.