The Nordson Corp. (NDSN) Position Maintained by Advisors Asset Management Inc.

The Nordson Corp. (NDSN) Position Maintained by Advisors Asset Management Inc.

Advisors Asset Management Inc. maintained its stake in shares of Nordson Corp. (NASDAQ:NDSN) during the second quarter, Holdings Channel reports. The institutional investor owned 1,400 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Nordson Corp. were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of Nordson Corp. during the second quarter worth approximately $2,497,000. BNP Paribas Arbitrage SA boosted its stake in shares of Nordson Corp. by 3,576.1% in the second quarter. BNP Paribas Arbitrage SA now owns 21,248 shares of the company’s stock worth $1,777,000 after buying an additional 20,670 shares during the period. Turner Investments L.P. bought a new stake in shares of Nordson Corp. during the second quarter worth approximately $334,000. 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 period. Finally, GW&K Investment Management LLC boosted its stake in shares of Nordson Corp. by 18.0% in the second quarter. GW&K Investment Management LLC now owns 115,782 shares of the company’s stock worth $9,681,000 after buying an additional 17,656 shares during the period. 64.61% of the stock is owned by institutional investors.

Nordson Corp. (NASDAQ:NDSN) traded down 1.54% during trading on Friday, reaching $99.04. The company’s stock had a trading volume of 309,883 shares. The stock has a market cap of $5.66 billion, a PE ratio of 23.35 and a beta of 1.33. Nordson Corp. has a 12 month low of $51.89 and a 12 month high of $102.20. The company’s 50-day moving average is $98.47 and its 200-day moving average is $86.63.

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

A number of analysts have recently commented on NDSN shares. Barrington Research upped their price target on Nordson Corp. from $102.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 23rd. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $106.00 price target (up from $98.00) on shares of Nordson Corp. in a research note on Thursday, August 25th. Robert W. Baird lowered their target price on Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating for the company in a research note on Wednesday, August 24th. Oppenheimer Holdings Inc. lowered their target price on Nordson Corp. from $90.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. Finally, Wunderlich increased their target price on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $103.90.

In other Nordson Corp. news, Director Mary G. Puma sold 3,768 shares of Nordson Corp. stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $99.36, for a total value of $374,388.48. Following the completion of the sale, the director now directly owns 24,218 shares in the company, valued at $2,406,300.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Douglas C. Bloomfield sold 3,532 shares of Nordson Corp. stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $99.00, for a total value of $349,668.00. The disclosure for this sale can be found here. 2.16% of the stock is owned by corporate insiders.

Nordson Corp. Company Profile

Related posts

Leave a Comment