Zurcher Kantonalbank Zurich Cantonalbank Has $5.45 Million Stake in Nordson Co. (NASDAQ:NDSN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Nordson Co. (NASDAQ:NDSN) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,051 shares of the industrial products company’s stock after buying 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 SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased its position in shares of Nordson by 26.1% during the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after buying an additional 52 shares during the period. Brooklyn Investment Group boosted its position in Nordson by 695.0% during the fourth 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 last quarter. Quarry LP acquired a new stake in Nordson during the 3rd quarter worth about $109,000. Oppenheimer & Co. Inc. bought a new position in shares of Nordson in the 3rd quarter worth about $203,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Nordson in the 3rd quarter valued at about $206,000. Institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

Nordson Stock Up 2.7 %

Nordson stock opened at $207.40 on Friday. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The firm’s fifty day moving average price is $213.13 and its two-hundred day moving average price is $235.50. Nordson Co. has a 1-year low of $196.83 and a 1-year high of $279.38. 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 announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.02). The business had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, equities research analysts predict that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Dividend Announcement

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 given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s payout ratio is currently 39.69%.

Analysts Set New Price Targets

NDSN has been the subject of several recent analyst reports. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Tuesday, March 4th. BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research note on Monday, February 24th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and increased their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.