Kentucky Retirement Systems Insurance Trust Fund Sells 141 Shares of Nordson Co. (NASDAQ:NDSN)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in Nordson Co. (NASDAQ:NDSN) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,611 shares of the industrial products company’s stock after selling 141 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Nordson were worth $423,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NDSN. O Shaughnessy Asset Management LLC raised its position in Nordson by 5.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,043 shares of the industrial products company’s stock worth $2,208,000 after purchasing an additional 412 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of Nordson by 508.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,128 shares of the industrial products company’s stock valued at $1,133,000 after acquiring an additional 3,450 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Nordson by 5,590.7% during the 1st quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock valued at $1,343,000 after acquiring an additional 4,808 shares during the last quarter. Natixis bought a new stake in shares of Nordson during the 1st quarter valued at $140,000. Finally, Crewe Advisors LLC bought a new stake in shares of Nordson during the 1st quarter valued at $67,000. Institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their target price on shares of Nordson from $272.00 to $287.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $299.00.

Nordson Price Performance

NDSN opened at $249.86 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. Nordson Co. has a 12 month low of $222.18 and a 12 month high of $279.38. The company has a fifty day simple moving average of $254.81 and a 200 day simple moving average of $246.60. The stock has a market cap of $14.29 billion, a P/E ratio of 30.43, a P/E/G ratio of 1.89 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.08. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $656.49 million. During the same quarter in the prior year, the company earned $2.35 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Nordson Co. will post 9.55 EPS for the current year.

Insider Activity at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.