Retirement Systems of Alabama Has $3.10 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Retirement Systems of Alabama trimmed its holdings in Nordson Co. (NASDAQ:NDSN) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,799 shares of the industrial products company’s stock after selling 186 shares during the period. Retirement Systems of Alabama’s holdings in Nordson were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NDSN. Franklin Resources Inc. increased its position in shares of Nordson by 6.2% during the third quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company’s stock worth $21,841,000 after acquiring an additional 4,919 shares in the last quarter. Tidal Investments LLC boosted its stake in Nordson by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 14,181 shares of the industrial products company’s stock worth $3,724,000 after purchasing an additional 257 shares during the period. Sanctuary Advisors LLC increased its holdings in Nordson by 8.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,311 shares of the industrial products company’s stock worth $4,523,000 after purchasing an additional 1,326 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Nordson by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after purchasing an additional 14,780 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Nordson by 1.1% in the third quarter. M&T Bank Corp now owns 8,526 shares of the industrial products company’s stock valued at $2,239,000 after purchasing an additional 93 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,629 shares of company stock worth $914,400 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Nordson Trading Up 0.4 %

Shares of Nordson stock opened at $209.73 on Friday. Nordson Co. has a 12-month low of $207.15 and a 12-month high of $279.38. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $251.19 and its 200-day moving average is $245.32. The stock has a market cap of $11.99 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.70 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.46 earnings per share. Equities research analysts predict that Nordson Co. will post 10.34 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.49%. Nordson’s dividend payout ratio is 38.47%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Finally, DA Davidson lowered their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $279.00.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.