Kentucky Retirement Systems Insurance Trust Fund Sells 139 Shares of Nordson Co. (NASDAQ:NDSN)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,791 shares of the industrial products company’s stock after selling 139 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Nordson were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tobam lifted its position in Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Quent Capital LLC boosted its stake in Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 48 shares during the period. Headlands Technologies LLC bought a new stake in Nordson during the 1st quarter valued at approximately $55,000. Christopher J. Hasenberg Inc acquired a new stake in Nordson in the 1st quarter valued at approximately $58,000. Finally, Crewe Advisors LLC bought a new position in Nordson in the 1st quarter worth approximately $67,000. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

NDSN stock traded up $0.46 during trading on Monday, hitting $246.41. The company had a trading volume of 35,866 shares, compared to its average volume of 231,522. The company has a market cap of $14.11 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.99 and a beta of 0.91. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $233.79 and a two-hundred day moving average price of $253.26. Nordson Co. has a fifty-two week low of $208.91 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.04. The firm had revenue of $650.64 million for the quarter, compared to analysts’ expectations of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.26 earnings per share. Equities research analysts expect that Nordson Co. will post 9.52 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, May 20th. Nordson’s payout ratio is presently 32.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NDSN shares. DA Davidson lowered their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Robert W. Baird dropped their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Finally, StockNews.com cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $279.40.

Nordson Company Profile

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.