Mutual of America Capital Management LLC Reduces Stock Position in Nordson Co. (NASDAQ:NDSN)

Mutual of America Capital Management LLC decreased its position in shares of Nordson Co. (NASDAQ:NDSN) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,703 shares of the industrial products company’s stock after selling 150 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nordson were worth $1,760,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NDSN. Natixis purchased a new stake in shares of Nordson in the first quarter valued at $140,000. Price T Rowe Associates Inc. MD grew its position in Nordson by 237.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock valued at $68,049,000 after acquiring an additional 174,330 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Nordson during the first quarter worth about $400,000. California State Teachers Retirement System lifted its position in Nordson by 4.3% during the first quarter. California State Teachers Retirement System now owns 85,652 shares of the industrial products company’s stock valued at $23,515,000 after buying an additional 3,510 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Nordson by 3.4% during the first quarter. Tidal Investments LLC now owns 5,495 shares of the industrial products company’s stock worth $1,506,000 after buying an additional 182 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nordson

In other news, EVP Joseph P. Kelley sold 3,000 shares of the firm’s stock in a transaction dated 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 approximately $2,164,576.82. This trade represents a 25.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, 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 disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Nordson Stock Performance

NASDAQ:NDSN opened at $261.27 on Monday. Nordson Co. has a 1-year low of $222.18 and a 1-year high of $279.38. The stock has a market cap of $14.94 billion, a P/E ratio of 31.82, a PEG ratio of 1.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The firm has a 50-day moving average of $255.27 and a two-hundred day moving average of $246.30.

Nordson 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.