C M Bidwell & Associates Ltd. reduced its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,835 shares of the industrial products company’s stock after selling 405 shares during the period. C M Bidwell & Associates Ltd.’s holdings in Nordson Corporation were worth $465,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NDSN. Mckinley Capital Management LLC Delaware purchased a new stake in Nordson Corporation during the 2nd quarter worth approximately $104,000. Financial Architects Inc increased its stake in Nordson Corporation by 12.1% during the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares during the period. D.A. Davidson & CO. increased its stake 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 worth $118,000 after buying an additional 22 shares during the period. IFP Advisors Inc increased its stake 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 worth $171,000 after buying an additional 21 shares during the period. Finally, Opus Capital Group LLC purchased a new stake in Nordson Corporation during the 2nd quarter worth approximately $208,000. 65.48% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Nordson Corporation (NDSN) traded up 0.06% during midday trading on Friday, hitting $121.84. 330,003 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $114.57 and its 200-day moving average is $120.94. The stock has a market cap of $7.03 billion, a PE ratio of 24.23 and a beta of 1.37. Nordson Corporation has a 1-year low of $95.35 and a 1-year high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $589.40 million for the quarter, compared to analyst estimates of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. Analysts predict that Nordson Corporation will post $5.32 earnings per share for the current fiscal year.
NDSN has been the topic of several recent research reports. BidaskClub raised shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. FBR & Co reaffirmed an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Gabelli raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Nordson Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $128.00 target price on shares of Nordson Corporation in a research note on Thursday, August 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Nordson Corporation currently has an average rating of “Buy” and a consensus target price of $139.71.
In other news, VP James E. Devries sold 5,000 shares of Nordson Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the sale, the vice president now owns 41,937 shares in the company, valued at $4,948,985.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.15% of the company’s stock.
About Nordson Corporation
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.
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