Royal Bank of Canada trimmed its position in Nordson Corporation (NASDAQ:NDSN) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,698 shares of the industrial products company’s stock after selling 196 shares during the quarter. Royal Bank of Canada owned about 0.06% of Nordson Corporation worth $4,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Nordson Corporation by 1.5% in the second 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 last quarter. D.A. Davidson & CO. lifted its stake in shares of Nordson Corporation by 2.3% in the second 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 last quarter. Capstone Asset Management Co. lifted its stake in shares of Nordson Corporation by 0.6% in the second quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock worth $799,000 after buying an additional 40 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Nordson Corporation by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,156 shares of the industrial products company’s stock worth $504,000 after buying an additional 72 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in shares of Nordson Corporation by 0.8% in the second quarter. State of Wisconsin Investment Board now owns 11,495 shares of the industrial products company’s stock worth $1,395,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 65.48% of the company’s stock.

Nordson Corporation (NASDAQ:NDSN) opened at 124.66 on Monday. The firm has a market capitalization of $7.19 billion, a PE ratio of 24.79 and a beta of 1.37. The company’s 50-day moving average is $117.58 and its 200 day moving average is $120.97. Nordson Corporation has a 1-year low of $96.05 and a 1-year high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.12. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business had revenue of $589.40 million during the quarter, compared to the consensus estimate of $574.20 million. During the same quarter last year, the firm posted $1.67 EPS. The company’s quarterly revenue was up 20.3% on a year-over-year basis. On average, equities analysts expect that Nordson Corporation will post $5.32 EPS for the current fiscal year.

A number of brokerages have recently weighed in on NDSN. BidaskClub upgraded shares of Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Nordson Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. KeyCorp restated a “buy” rating and issued a $145.00 price objective on shares of Nordson Corporation in a research note on Thursday, October 12th. FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Finally, Robert W. Baird restated a “hold” rating and issued a $138.00 price objective on shares of Nordson Corporation in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $141.14.

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In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the completion of the sale, the vice president now owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale 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.

Nordson Corporation Company 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.

Institutional Ownership by Quarter for Nordson Corporation (NASDAQ:NDSN)

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