The Retirement Systems of Alabama Purchases 100 Shares of Nordson Corp. (NDSN)

The Retirement Systems of Alabama Purchases 100 Shares of Nordson Corp. (NDSN)

Retirement Systems of Alabama raised its position in Nordson Corp. (NASDAQ:NDSN) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 69,177 shares of the company’s stock after buying an additional 100 shares during the period. Retirement Systems of Alabama’s holdings in Nordson Corp. were worth $5,784,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont boosted its position in Nordson Corp. by 3.8% in the second quarter. Trust Co. of Vermont now owns 1,245 shares of the company’s stock worth $104,000 after buying an additional 45 shares during the period. HL Financial Services LLC boosted its position in Nordson Corp. by 0.8% in the second quarter. HL Financial Services LLC now owns 5,476 shares of the company’s stock worth $458,000 after buying an additional 45 shares during the period. Capstone Asset Management Co. boosted its position in Nordson Corp. by 2.0% in the second quarter. Capstone Asset Management Co. now owns 5,486 shares of the company’s stock worth $459,000 after buying an additional 110 shares during the period. Nisa Investment Advisors L.L.C. boosted its position in Nordson Corp. by 3.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 11,800 shares of the company’s stock worth $897,000 after buying an additional 400 shares during the period. Finally, Arizona State Retirement System boosted its position in Nordson Corp. by 2.6% in the first quarter. Arizona State Retirement System now owns 27,579 shares of the company’s stock worth $2,097,000 after buying an additional 700 shares during the period. 64.63% of the stock is owned by institutional investors.

Nordson Corp. (NASDAQ:NDSN) traded up 0.39% during midday trading on Wednesday, hitting $97.43. The company’s stock had a trading volume of 131,612 shares. Nordson Corp. has a 52-week low of $51.89 and a 52-week high of $102.20. The company has a market cap of $5.57 billion, a PE ratio of 22.97 and a beta of 1.33. The stock has a 50 day moving average of $98.79 and a 200 day moving average of $87.01.

Nordson Corp. (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, August 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. The company had revenue of $489.89 million for the quarter. During the same quarter last year, the business posted $1.16 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Nordson Corp. will post $4.51 EPS for the current year.

A number of research firms have recently commented on NDSN. Citigroup Inc. cut Nordson Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. They noted that the move was a valuation call. Zacks Investment Research cut Nordson Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 27th. Seaport Global Securities boosted their price target on Nordson Corp. from $99.00 to $115.00 in a report on Wednesday, August 24th. SunTrust Banks Inc. boosted their price target on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Finally, Royal Bank Of Canada lowered their price target on Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating for the company in a report on Wednesday, August 24th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Nordson Corp. has a consensus rating of “Buy” and a consensus price target of $103.90.

In related news, Director Mary G. Puma sold 3,768 shares of the stock in a transaction on Friday, October 7th. The stock was sold at an average price of $99.36, for a total value of $374,388.48. Following the sale, the director now owns 24,218 shares in the company, valued at $2,406,300.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Douglas C. Bloomfield sold 3,532 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $99.00, for a total value of $349,668.00. The disclosure for this sale can be found here. 2.16% of the stock is owned by corporate insiders.

Nordson Corp. Company Profile

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