State of Alaska Department of Revenue Has $889,000 Holdings in Nordson Co. (NDSN)

State of Alaska Department of Revenue trimmed its position in Nordson Co. (NASDAQ:NDSN) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,719 shares of the industrial products company’s stock after selling 354 shares during the period. State of Alaska Department of Revenue’s holdings in Nordson were worth $889,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CX Institutional bought a new position in Nordson in the 1st quarter valued at $30,000. Rhumbline Advisers boosted its holdings in Nordson by 28.3% in the 4th quarter. Rhumbline Advisers now owns 142,656 shares of the industrial products company’s stock valued at $17,026,000 after purchasing an additional 31,468 shares during the period. Legal & General Group Plc boosted its holdings in Nordson by 1.9% in the 4th quarter. Legal & General Group Plc now owns 155,666 shares of the industrial products company’s stock valued at $18,578,000 after purchasing an additional 2,902 shares during the period. Bahl & Gaynor Inc. boosted its holdings in Nordson by 24.8% in the 4th quarter. Bahl & Gaynor Inc. now owns 45,775 shares of the industrial products company’s stock valued at $5,463,000 after purchasing an additional 9,104 shares during the period. Finally, Vanguard Group Inc boosted its holdings in Nordson by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 5,024,905 shares of the industrial products company’s stock valued at $697,959,000 after purchasing an additional 113,574 shares during the period. 70.20% of the stock is owned by hedge funds and other institutional investors.

NASDAQ NDSN opened at $146.10 on Monday. Nordson Co. has a 52-week low of $110.16 and a 52-week high of $146.84. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The firm has a market cap of $8.38 billion, a PE ratio of 24.60, a P/E/G ratio of 1.81 and a beta of 1.11.

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

NDSN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Nordson from a “hold” rating to a “sell” rating in a report on Monday, December 31st. BidaskClub downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. CIBC raised shares of Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Tuesday, January 8th. Finally, Oppenheimer raised shares of Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Tuesday, January 8th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $141.33.

In other Nordson news, insider Shelly Peet sold 11,600 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $133.16, for a total value of $1,544,656.00. Following the completion of the sale, the insider now directly owns 29,296 shares of the company’s stock, valued at $3,901,055.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael F. Hilton sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $137.98, for a total transaction of $551,920.00. The disclosure for this sale can be found here. Insiders sold 73,560 shares of company stock valued at $9,831,639 over the last three months. 1.97% of the stock is currently owned by insiders.

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About Nordson

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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