Nordson Co. (NASDAQ:NDSN) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in Nordson Co. (NASDAQ:NDSN) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,370 shares of the industrial products company’s stock after selling 50 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Nordson were worth $4,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its stake in shares of Nordson by 208.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 111 shares of the industrial products company’s stock worth $25,000 after buying an additional 75 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Nordson during the fourth quarter worth $26,000. Sound Income Strategies LLC acquired a new stake in shares of Nordson during the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new stake in shares of Nordson during the fourth quarter worth $28,000. Finally, Salem Investment Counselors Inc. acquired a new position in Nordson during the second quarter valued at $31,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDSN has been the subject of a number of research reports. DA Davidson boosted their target price on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Wells Fargo & Company boosted their target price on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. KeyCorp restated a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Finally, StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Nordson Stock Down 0.6 %

NDSN opened at $263.13 on Tuesday. Nordson Co. has a fifty-two week low of $208.90 and a fifty-two week high of $278.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. The company has a fifty day moving average of $266.61 and a two-hundred day moving average of $248.17. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.00 and a beta of 1.00.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. During the same quarter in the previous year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts expect that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.03%. Nordson’s dividend payout ratio is currently 31.81%.

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.