Today, Arizona State Retirement System Reached $2,230,000 position of Nordson Corp. (NDSN)

Today, Arizona State Retirement System Reached $2,230,000 position  of Nordson Corp. (NDSN)

Arizona State Retirement System cut its position in Nordson Corp. (NASDAQ:NDSN) by 1.3% during the third quarter, Holdings Channel reports. The firm owned 22,379 shares of the company’s stock after selling 300 shares during the period. Arizona State Retirement System’s holdings in Nordson Corp. were worth $2,230,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NDSN. Bank of Montreal Can acquired a new stake in Nordson Corp. during the second quarter worth $891,000. Robeco Institutional Asset Management B.V. acquired a new stake in Nordson Corp. during the second quarter worth $430,000. LS Investment Advisors LLC raised its stake in Nordson Corp. by 72.7% in the second quarter. LS Investment Advisors LLC now owns 3,326 shares of the company’s stock worth $278,000 after buying an additional 1,400 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in Nordson Corp. during the second quarter worth $752,000. Finally, Roffman Miller Associates Inc. PA raised its stake in Nordson Corp. by 4.6% in the second quarter. Roffman Miller Associates Inc. PA now owns 149,028 shares of the company’s stock worth $12,460,000 after buying an additional 6,554 shares during the period. 65.10% of the stock is owned by institutional investors.

Shares of Nordson Corp. (NASDAQ:NDSN) traded down 1.93% during trading on Monday, reaching $108.43. 291,275 shares of the company traded hands. Nordson Corp. has a 1-year low of $51.89 and a 1-year high of $110.65. The stock’s 50 day moving average is $101.68 and its 200 day moving average is $93.05. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 25.56 and a beta of 1.28.

NDSN has been the subject of a number of recent research reports. Seaport Global Securities boosted their target price on shares of Nordson Corp. from $99.00 to $115.00 in a report on Wednesday, August 24th. SunTrust Banks Inc. boosted their target price on shares of Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Robert W. Baird reduced their target price on shares of Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating for the company in a report on Wednesday, August 24th. Citigroup Inc. downgraded shares of 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. Finally, Oppenheimer Holdings Inc. downgraded shares of 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Nordson Corp. has an average rating of “Hold” and an average target price of $103.90.

In related news, Director Mary G. Puma sold 3,768 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $99.36, for a total transaction of $374,388.48. Following the completion of the transaction, the director now directly owns 24,218 shares in the company, valued at approximately $2,406,300.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

About Nordson Corp.

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