Comerica Bank lessened its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,560 shares of the industrial products company’s stock after selling 1,989 shares during the period. Comerica Bank owned about 0.08% of Nordson Corporation worth $5,922,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Nordson Corporation during the second quarter valued at approximately $104,000. Financial Architects Inc boosted its position in shares of Nordson Corporation by 12.1% during the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after buying an additional 100 shares during the period. D.A. Davidson & CO. boosted its position in shares of Nordson Corporation by 2.3% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares during the period. IFP Advisors Inc boosted its position in shares of Nordson Corporation by 1.5% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares during the period. Finally, Opus Capital Group LLC purchased a new position in shares of Nordson Corporation during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 67.26% of the company’s stock.
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Several research analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Nordson Corporation in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $145.00 price target on shares of Nordson Corporation in a research note on Sunday. BidaskClub downgraded shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Nordson Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Longbow Research raised shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Nordson Corporation currently has an average rating of “Buy” and an average price target of $140.33.
Shares of Nordson Corporation (NASDAQ NDSN) opened at $127.67 on Tuesday. The firm has a market cap of $7,308.46, a P/E ratio of 23.55, a PEG ratio of 1.46 and a beta of 1.40. Nordson Corporation has a 12 month low of $103.76 and a 12 month high of $131.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10.
Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $589.40 million during the quarter, compared to the consensus estimate of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. Nordson Corporation’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 earnings per share. sell-side analysts expect that Nordson Corporation will post 5.32 EPS for the current fiscal year.
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.
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