Nordson Corporation (NDSN) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,125 shares of the industrial products company’s stock after selling 100 shares during the period. Skylands Capital LLC’s holdings in Nordson Corporation were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDSN. Toronto Dominion Bank boosted its position in shares of Nordson Corporation by 1.1% in the first quarter. Toronto Dominion Bank now owns 3,488 shares of the industrial products company’s stock valued at $429,000 after buying an additional 38 shares in the last quarter. Capstone Asset Management Co. boosted its position 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 valued at $799,000 after buying an additional 40 shares in the last quarter. Albert D Mason Inc. boosted its position in shares of Nordson Corporation by 0.9% in the first quarter. Albert D Mason Inc. now owns 6,498 shares of the industrial products company’s stock valued at $798,000 after buying an additional 60 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Nordson Corporation by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 22,225 shares of the industrial products company’s stock valued at $2,730,000 after buying an additional 85 shares in the last quarter. Finally, First Quadrant L P CA boosted its position in shares of Nordson Corporation by 0.5% in the first quarter. First Quadrant L P CA now owns 22,882 shares of the industrial products company’s stock valued at $2,811,000 after buying an additional 103 shares in the last quarter. Institutional investors own 65.92% of the company’s stock.

Shares of Nordson Corporation (NASDAQ:NDSN) opened at 127.68 on Friday. The stock has a 50 day moving average price of $123.96 and a 200-day moving average price of $121.99. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 26.91 and a beta of 1.35. Nordson Corporation has a 52 week low of $89.87 and a 52 week high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The firm had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. During the same period last year, the business posted $1.23 EPS. Nordson Corporation’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts anticipate that Nordson Corporation will post $5.40 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a $0.30 dividend. This is an increase from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.94%. Nordson Corporation’s dividend payout ratio (DPR) is presently 22.78%.

TRADEMARK VIOLATION WARNING: “Nordson Corporation (NDSN) Shares Sold by Skylands Capital LLC” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2017/08/12/skylands-capital-llc-sells-100-shares-of-nordson-corporation-ndsn-updated-updated.html.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Nordson Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Wells Fargo & Company reiterated a “market perform” rating and set a $130.00 price target (up from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. BidaskClub upgraded Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $115.50.

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)

What are top analysts saying about Nordson Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nordson Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit