Oregon Public Employees Retirement Fund Decreases Holdings in Nordson Corporation (NDSN)

Oregon Public Employees Retirement Fund reduced its position in Nordson Corporation (NASDAQ:NDSN) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,861 shares of the industrial products company’s stock after selling 737 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Nordson Corporation were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Nordson Corporation by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock valued at $9,601,000 after purchasing an additional 1,751 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Nordson Corporation by 4.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 416,003 shares of the industrial products company’s stock valued at $50,471,000 after purchasing an additional 19,044 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Nordson Corporation by 44.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,298 shares of the industrial products company’s stock valued at $3,190,000 after purchasing an additional 8,039 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Nordson Corporation by 16.5% in the 2nd quarter. Pacer Advisors Inc. now owns 7,374 shares of the industrial products company’s stock valued at $895,000 after purchasing an additional 1,047 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Nordson Corporation by 93.9% in the 2nd quarter. Principal Financial Group Inc. now owns 773,058 shares of the industrial products company’s stock valued at $93,786,000 after purchasing an additional 374,363 shares during the period. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Several research firms recently issued reports on NDSN. Robert W. Baird reiterated a “hold” rating and issued a $138.00 target price on shares of Nordson Corporation in a research note on Wednesday, October 4th. FBR & Co set a $160.00 target price on shares of Nordson Corporation and gave the company a “buy” rating in a research note on Monday, September 11th. BidaskClub cut shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. B. Riley reiterated a “buy” rating on shares of Nordson Corporation in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Nordson Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $140.33.

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Shares of Nordson Corporation (NASDAQ:NDSN) opened at $123.87 on Monday. The company has a market cap of $7,146.34, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.42 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Nordson Corporation has a 1-year low of $103.37 and a 1-year high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $589.40 million during the quarter, compared to analyst estimates of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. analysts expect that Nordson Corporation will post 5.32 earnings per share for the current year.

In related news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the sale, 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 hyperlink. 2.15% of the stock is currently owned by insiders.

Nordson Corporation Profile

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.

Institutional Ownership by Quarter for Nordson Corporation (NASDAQ:NDSN)

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