Nordson Corporation (NDSN) Position Decreased by HighTower Advisors LLC
HighTower Advisors LLC reduced its position in shares of Nordson Corporation (NASDAQ:NDSN) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,844 shares of the industrial products company’s stock after selling 46 shares during the period. HighTower Advisors LLC’s holdings in Nordson Corporation were worth $1,552,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. People s United Financial Inc. lifted its position in shares of Nordson Corporation by 1.0% during the second quarter. People s United Financial Inc. now owns 10,932 shares of the industrial products company’s stock valued at $1,326,000 after purchasing an additional 107 shares in the last quarter. PDT Partners LLC bought a new position in shares of Nordson Corporation during the second quarter valued at about $11,260,000. Stifel Financial Corp lifted its position in shares of Nordson Corporation by 5.0% during the second quarter. Stifel Financial Corp now owns 25,003 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 1,198 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Nordson Corporation by 2.5% during the second quarter. Voya Investment Management LLC now owns 85,933 shares of the industrial products company’s stock valued at $10,425,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of Nordson Corporation during the second quarter valued at about $104,000. 65.48% of the stock is currently owned by institutional investors.
Shares of Nordson Corporation (NDSN) opened at 122.07 on Tuesday. Nordson Corporation has a 12 month low of $95.35 and a 12 month high of $131.49. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 24.27 and a beta of 1.37. The firm has a 50-day moving average of $114.51 and a 200 day moving average of $120.92.
Nordson Corporation (NASDAQ:NDSN) last posted its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The business had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. On average, analysts expect that Nordson Corporation will post $5.32 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Robert W. Baird reissued a “hold” rating and set a $138.00 price target on shares of Nordson Corporation in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Nordson Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Longbow Research raised shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, September 20th. FBR & Co set a $160.00 price target on shares of Nordson Corporation and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, BidaskClub lowered shares of Nordson Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $139.71.
In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the transaction, the vice president now owns 41,937 shares in the company, valued at approximately $4,948,985.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.15% of the stock is currently owned by corporate insiders.
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Nordson Corporation Profile
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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