Ameritas Investment Partners Inc. Increases Holdings in Nordson Corporation (NDSN)

Ameritas Investment Partners Inc. raised its position in shares of Nordson Corporation (NASDAQ:NDSN) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,840 shares of the industrial products company’s stock after buying an additional 264 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Nordson Corporation were worth $2,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NDSN. UBS Asset Management Americas Inc. raised its position in shares of Nordson Corporation by 26.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 63,603 shares of the industrial products company’s stock worth $7,813,000 after purchasing an additional 13,361 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nordson Corporation by 22.6% during the 1st quarter. JPMorgan Chase & Co. now owns 58,505 shares of the industrial products company’s stock worth $7,187,000 after purchasing an additional 10,768 shares during the period. Victory Capital Management Inc. raised its position in shares of Nordson Corporation by 26.5% during the 1st quarter. Victory Capital Management Inc. now owns 9,034 shares of the industrial products company’s stock worth $1,110,000 after purchasing an additional 1,890 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Nordson Corporation during the 1st quarter worth approximately $259,000. Finally, OppenheimerFunds Inc. raised its position in shares of Nordson Corporation by 73.2% during the 1st quarter. OppenheimerFunds Inc. now owns 174,311 shares of the industrial products company’s stock worth $21,413,000 after purchasing an additional 73,689 shares during the period. Hedge funds and other institutional investors own 65.48% of the company’s stock.

A number of brokerages have recently weighed in on NDSN. KeyCorp reiterated a “buy” rating and set a $145.00 price target on shares of Nordson Corporation in a research report on Thursday. Robert W. Baird reiterated a “hold” rating and set a $138.00 price target on shares of Nordson Corporation in a research report on Wednesday, October 4th. BidaskClub cut Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Nordson Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Longbow Research upgraded Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $141.14.

Shares of Nordson Corporation (NASDAQ:NDSN) traded down 0.10% during mid-day trading on Friday, hitting $121.81. The stock had a trading volume of 98,096 shares. The firm has a 50 day moving average of $115.11 and a 200 day moving average of $120.93. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 24.22 and a beta of 1.37. Nordson Corporation has a one year low of $95.35 and a one year high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last posted its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The company had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $574.20 million. During the same quarter in the previous year, the company posted $1.67 earnings per share. Nordson Corporation’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, analysts forecast that Nordson Corporation will post $5.32 earnings per share for the current year.

In other news, VP James E. Devries sold 5,000 shares of Nordson Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the transaction, the vice president now owns 41,937 shares in the company, valued at $4,948,985.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.15% of the company’s stock.

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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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Institutional Ownership by Quarter for Nordson Corporation (NASDAQ:NDSN)

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