Retirement Systems of Alabama reduced its stake in Nordson Corporation (NASDAQ:NDSN) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,065 shares of the industrial products company’s stock after selling 7,579 shares during the quarter. Retirement Systems of Alabama owned about 0.18% of Nordson Corporation worth $12,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware purchased a new position in shares of Nordson Corporation in the second quarter worth $104,000. Financial Architects Inc boosted its holdings in Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 100 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Nordson Corporation by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares in the last quarter. IFP Advisors Inc boosted its holdings in Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 21 shares in the last quarter. Finally, Opus Capital Group LLC bought a new stake in Nordson Corporation in the second quarter valued at $208,000. 64.54% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on NDSN shares. KeyCorp reiterated a “buy” rating and issued a $145.00 price target on shares of Nordson Corporation in a report on Thursday, October 12th. FBR & Co set a $160.00 price target on shares of Nordson Corporation and gave the company a “buy” rating in a report on Monday, September 11th. Gabelli upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, August 23rd. BidaskClub cut shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Longbow Research upgraded shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.33.
Nordson Corporation (NASDAQ NDSN) opened at $125.90 on Friday. The stock has a market cap of $7,149.23, a PE ratio of 23.03, a P/E/G ratio of 1.42 and a beta of 1.40. Nordson Corporation has a one year low of $103.76 and a one year high of $131.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.47.
Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The company had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $574.20 million. During the same quarter in the previous year, the business posted $1.67 EPS. Nordson Corporation’s revenue was up 20.3% compared to the same quarter last year. analysts expect that Nordson Corporation will post 5.32 earnings per share for the current year.
In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the transaction, the vice president now owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.15% of the stock is currently owned by insiders.
About Nordson Corporation
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
Receive News & Ratings for Nordson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corporation and related companies with MarketBeat.com's FREE daily email newsletter.