State Board of Administration of Florida Retirement System Has $9.11 Million Stake in Nordson Corporation (NDSN)

State Board of Administration of Florida Retirement System boosted its position in shares of Nordson Corporation (NASDAQ:NDSN) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,908 shares of the industrial products company’s stock after purchasing an additional 2,120 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Nordson Corporation worth $9,114,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new position in Nordson Corporation during the 2nd quarter valued at about $104,000. Financial Architects Inc lifted its holdings in Nordson Corporation by 12.1% during the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 100 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Nordson Corporation by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 22 shares during the last quarter. IFP Advisors Inc lifted its holdings in Nordson Corporation by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares during the last quarter. Finally, Opus Capital Group LLC bought a new position in Nordson Corporation during the 2nd quarter valued at about $208,000. 65.30% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on NDSN. Gabelli raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, August 23rd. B. Riley reissued a “buy” rating on shares of Nordson Corporation in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Nordson Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Longbow Research raised shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, September 20th. Finally, BidaskClub downgraded shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $140.33.

Nordson Corporation (NASDAQ NDSN) opened at $123.87 on Friday. Nordson Corporation has a 12 month low of $103.37 and a 12 month high of $131.49. The firm has a market cap of $7,146.31, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.47.

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

In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.15% of the company’s stock.

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Nordson Corporation Company 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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