State of Wisconsin Investment Board decreased its stake in shares of Nordson Corp. (NASDAQ:NDSN) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,560 shares of the company’s stock after selling 600 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of Nordson Corp. worth $3,642,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in NDSN. 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 valued at $104,000 after buying an additional 45 shares during the last quarter. Advisor Group Inc. bought a new position in Nordson Corp. during the second quarter valued at approximately $106,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Nordson Corp. during the second quarter valued at approximately $121,000. Glenmede Trust Co. NA boosted its position in Nordson Corp. by 3.1% in the second quarter. Glenmede Trust Co. NA now owns 1,622 shares of the company’s stock valued at $135,000 after buying an additional 49 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Nordson Corp. by 3.6% in the second quarter. Citigroup Inc. now owns 1,771 shares of the company’s stock valued at $148,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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

Shares of Nordson Corp. (NASDAQ:NDSN) traded down 0.75% during midday trading on Tuesday, reaching $107.62. 151,432 shares of the company’s stock were exchanged. The stock has a market cap of $6.16 billion, a PE ratio of 25.37 and a beta of 1.28. Nordson Corp. has a 12 month low of $51.89 and a 12 month high of $110.65. The company’s 50 day moving average is $101.68 and its 200-day moving average is $93.05.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Nordson Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. SunTrust Banks Inc. increased their price objective on shares of Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Royal Bank Of Canada dropped their price objective on shares of Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 24th. RBC Capital Markets restated a “sector perform” rating and issued a $106.00 price objective (up previously from $98.00) on shares of Nordson Corp. in a research note on Thursday, August 25th. Finally, Oppenheimer Holdings Inc. cut shares of Nordson Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Nordson Corp. has a consensus rating of “Hold” and a consensus target price of $103.90.

In other news, Director Mary G. Puma sold 3,768 shares of the firm’s 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 completion of the sale, the director now owns 24,218 shares of the company’s stock, valued at approximately $2,406,300.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by insiders.

About Nordson Corp.

5 Day Chart for NASDAQ:NDSN

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