Fox Run Management L.L.C. purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,600 shares of the industrial products company’s stock, valued at approximately $308,000.
A number of other hedge funds also recently bought and sold shares of NDSN. Mckinley Capital Management LLC Delaware acquired a new position in Nordson Corporation in the second quarter valued at about $104,000. Financial Architects Inc raised its stake in Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 100 shares in the last quarter. D.A. Davidson & CO. raised its stake in Nordson Corporation by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 22 shares in the last quarter. IFP Advisors Inc raised its stake in Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares in the last quarter. Finally, Opus Capital Group LLC acquired a new position in Nordson Corporation in the second quarter valued at about $208,000. 65.28% of the stock is owned by institutional investors and hedge funds.
In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.15% of the stock is currently owned by insiders.
NDSN has been the subject of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $145.00 price target on shares of Nordson Corporation in a research note on Thursday, October 12th. FBR & Co set a $160.00 price target on Nordson Corporation and gave the company a “buy” rating in a research note on Monday, September 11th. Gabelli raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, August 23rd. BidaskClub cut Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Longbow Research upgraded Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Nordson Corporation has an average rating of “Buy” and an average price target of $140.33.
Shares of Nordson Corporation (NDSN) opened at $126.73 on Friday. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.45 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.
Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $574.20 million. During the same period in the previous year, the business posted $1.67 earnings per share. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. equities analysts forecast that Nordson Corporation will post 5.32 EPS for the current fiscal year.
Nordson Corporation 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.
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