Public Employees Retirement Association of Colorado reduced its stake in Nordson Corp. (NASDAQ:NDSN) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,253 shares of the company’s stock after selling 709 shares during the period. Public Employees Retirement Association of Colorado owned 0.34% of Nordson Corp. worth $16,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont raised its position in shares of Nordson Corp. by 3.8% in the second quarter. Trust Co. of Vermont now owns 1,245 shares of the company’s stock valued at $104,000 after buying an additional 45 shares during the last quarter. HL Financial Services LLC raised its position in shares of Nordson Corp. by 0.8% in the second quarter. HL Financial Services LLC now owns 5,476 shares of the company’s stock valued at $458,000 after buying an additional 45 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Nordson Corp. by 2.0% in the second quarter. Capstone Asset Management Co. now owns 5,486 shares of the company’s stock valued at $459,000 after buying an additional 110 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of 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 valued at $897,000 after buying an additional 400 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Nordson Corp. by 2.6% in the first quarter. Arizona State Retirement System now owns 27,579 shares of the company’s stock valued at $2,097,000 after buying an additional 700 shares during the last quarter. Institutional investors own 64.63% of the company’s stock.

Institutional Ownership by Quarter for Nordson Corp. (NASDAQ:NDSN)

Shares of Nordson Corp. (NASDAQ:NDSN) traded up 0.59% during mid-day trading on Wednesday, reaching $97.62. The company’s stock had a trading volume of 55,844 shares. Nordson Corp. has a 12 month low of $51.89 and a 12 month high of $102.20. The firm has a market capitalization of $5.58 billion, a P/E ratio of 23.01 and a beta of 1.33. The company has a 50 day moving average of $98.79 and a 200-day moving average of $87.01.

Nordson Corp. (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, August 22nd. The company reported $1.47 earnings per share for the quarter, topping the 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 business earned $489.89 million during the quarter. During the same period in the prior year, the firm posted $1.16 EPS. Nordson Corp.’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts forecast that Nordson Corp. will post $4.51 EPS for the current year.

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

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

About Nordson Corp.

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