Nordson Corporation (NASDAQ:NDSN) Shares Sold by Aperio Group LLC

Aperio Group LLC lowered its position in shares of Nordson Corporation (NASDAQ:NDSN) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,396 shares of the industrial products company’s stock after selling 754 shares during the period. Aperio Group LLC’s holdings in Nordson Corporation were worth $2,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in shares of Nordson Corporation by 3.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the industrial products company’s stock worth $1,698,000 after buying an additional 500 shares in the last quarter. Roffman Miller Associates Inc. PA boosted its position in shares of Nordson Corporation by 0.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 145,485 shares of the industrial products company’s stock worth $17,650,000 after buying an additional 1,136 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Nordson Corporation by 15.9% in the second quarter. LS Investment Advisors LLC now owns 4,955 shares of the industrial products company’s stock worth $601,000 after buying an additional 678 shares in the last quarter. Ardevora Asset Management LLP boosted its position in shares of Nordson Corporation by 16.4% in the second quarter. Ardevora Asset Management LLP now owns 287,800 shares of the industrial products company’s stock worth $34,916,000 after buying an additional 40,500 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Nordson Corporation by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 19,598 shares of the industrial products company’s stock worth $2,378,000 after buying an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 66.43% of the company’s stock.

Nordson Corporation (NASDAQ NDSN) opened at 124.13 on Friday. The company’s 50 day moving average is $124.86 and its 200-day moving average is $122.43. Nordson Corporation has a 52-week low of $90.14 and a 52-week high of $131.49. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 26.17 and a beta of 1.35.

Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The company had revenue of $496.14 million for the quarter, compared to the consensus estimate of $470.12 million. During the same period in the prior year, the firm posted $1.23 EPS. Nordson Corporation’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts anticipate that Nordson Corporation will post $5.40 EPS for the current fiscal 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.97%. This is an increase from Nordson Corporation’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, August 18th. Nordson Corporation’s dividend payout ratio is 22.78%.

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

About Nordson Corporation

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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