Louisiana State Employees Retirement System Sells 100 Shares of Nordson Co. (NDSN)

Louisiana State Employees Retirement System lowered its stake in shares of Nordson Co. (NASDAQ:NDSN) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,800 shares of the industrial products company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Nordson were worth $1,829,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NDSN. Bank of New York Mellon Corp boosted its position in Nordson by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 706,374 shares of the industrial products company’s stock worth $98,116,000 after purchasing an additional 10,464 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Nordson by 20.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,114 shares of the industrial products company’s stock worth $434,000 after purchasing an additional 534 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Nordson by 11.2% in the third quarter. Dimensional Fund Advisors LP now owns 361,218 shares of the industrial products company’s stock worth $50,175,000 after purchasing an additional 36,256 shares during the last quarter. Hsbc Holdings PLC boosted its position in Nordson by 12.8% in the third quarter. Hsbc Holdings PLC now owns 5,758 shares of the industrial products company’s stock worth $800,000 after purchasing an additional 652 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Nordson by 18.5% in the third quarter. Riverhead Capital Management LLC now owns 3,204 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 70.20% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research raised Nordson from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Gabelli reaffirmed a “hold” rating on shares of Nordson in a research report on Tuesday, December 18th. Oppenheimer raised Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Tuesday, January 8th. Finally, CIBC raised Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Tuesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $141.33.

Shares of NASDAQ NDSN opened at $144.95 on Wednesday. Nordson Co. has a one year low of $110.16 and a one year high of $146.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.84 and a current ratio of 2.67. The firm has a market cap of $8.26 billion, a PE ratio of 24.59, a PEG ratio of 1.79 and a beta of 1.11.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.21). Nordson had a net margin of 14.59% and a return on equity of 23.01%. The firm had revenue of $497.91 million for the quarter, compared to analysts’ expectations of $497.99 million. During the same period in the prior year, the company earned $1.35 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts expect that Nordson Co. will post 6.36 EPS for the current fiscal year.

In related news, insider Gregory P. Merk sold 5,860 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $137.14, for a total transaction of $803,640.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael F. Hilton sold 4,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $137.98, for a total value of $551,920.00. The disclosure for this sale can be found here. Insiders have sold a total of 73,560 shares of company stock worth $9,831,639 in the last ninety days. Insiders own 1.97% of the company’s stock.

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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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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