The 44,995 Shares of Nordson Corp. (NDSN) are sold by Kornitzer Capital Management Inc. KS

The 44,995 Shares of Nordson Corp. (NDSN) are sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in Nordson Corp. (NASDAQ:NDSN) by 43.4% during the second quarter, Holdings Channel reports. The fund owned 58,650 shares of the company’s stock after selling 44,995 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Nordson Corp. were worth $4,904,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors L.L.C. boosted its stake in shares of Nordson Corp. by 3.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 11,800 shares of the company’s stock worth $897,000 after buying an additional 400 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Nordson Corp. by 21.3% in the first quarter. Prudential Financial Inc. now owns 55,921 shares of the company’s stock worth $4,252,000 after buying an additional 9,830 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Nordson Corp. by 15.3% in the first quarter. BlackRock Inc. now owns 72,223 shares of the company’s stock worth $5,492,000 after buying an additional 9,577 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Nordson Corp. by 7.5% in the first quarter. BlackRock Group LTD now owns 79,118 shares of the company’s stock worth $6,016,000 after buying an additional 5,531 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Nordson Corp. by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 87,329 shares of the company’s stock worth $6,641,000 after buying an additional 3,332 shares during the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.

Shares of Nordson Corp. (NASDAQ:NDSN) traded down 0.04% during trading on Monday, hitting $96.06. The company’s stock had a trading volume of 163,892 shares. Nordson Corp. has a 1-year low of $51.89 and a 1-year high of $102.20. The company has a market capitalization of $5.49 billion, a P/E ratio of 22.64 and a beta of 1.33. The firm’s 50 day moving average is $98.42 and its 200-day moving average is $87.29.

Nordson Corp. (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, August 22nd. The company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. The company earned $489.89 million during the quarter. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts forecast that Nordson Corp. will post $4.51 EPS for the current fiscal year.

A number of analysts have recently issued reports on NDSN shares. Zacks Investment Research cut Nordson Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 27th. Wunderlich boosted their target price on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Barrington Research boosted their target price on Nordson Corp. from $102.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 23rd. Royal Bank Of Canada decreased their target price on Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating for the company in a report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. cut Nordson Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $103.90.

In other news, insider Gregory P. Merk sold 19,800 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $100.24, for a total transaction of $1,984,752.00. Following the completion of the sale, the insider now directly owns 59,715 shares of the company’s stock, valued at approximately $5,985,831.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary G. Puma sold 3,768 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $99.36, for a total value of $374,388.48. Following the sale, the director now directly owns 24,218 shares of the company’s stock, valued at $2,406,300.48. The disclosure for this sale can be found here. Insiders own 2.16% of the company’s stock.

Nordson Corp. Company Profile

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