Janney Montgomery Scott LLC boosted its stake in Nordson Corporation (NASDAQ:NDSN) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,903 shares of the industrial products company’s stock after buying an additional 2,179 shares during the period. Janney Montgomery Scott LLC’s holdings in Nordson Corporation were worth $2,900,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Financial Architects Inc boosted its stake in shares of 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 buying an additional 100 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of Nordson Corporation during the first quarter valued at approximately $126,000. IFP Advisors Inc boosted its stake in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock valued at $171,000 after buying an additional 430 shares during the last quarter. Sapphire Star Partners LP purchased a new stake in shares of Nordson Corporation during the first quarter valued at approximately $204,000. Finally, CAPROCK Group Inc. purchased a new stake in shares of Nordson Corporation during the first quarter valued at approximately $235,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Nordson Corporation (NASDAQ NDSN) opened at 128.31 on Friday. Nordson Corporation has a 1-year low of $87.76 and a 1-year high of $131.49. The firm’s 50-day moving average price is $121.72 and its 200-day moving average price is $121.26. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 27.05 and a beta of 1.35.

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

ILLEGAL ACTIVITY WARNING: “Janney Montgomery Scott LLC Boosts Stake in Nordson Corporation (NASDAQ:NDSN)” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/05/janney-montgomery-scott-llc-boosts-stake-in-nordson-corporation-nasdaqndsn.html.

Several brokerages recently commented on NDSN. BidaskClub upgraded Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research upgraded Nordson Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a research report on Wednesday, April 26th. 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. FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. Finally, Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently 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.

Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Corporation (NASDAQ:NDSN).

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

Receive News & Ratings for Nordson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corporation and related companies with MarketBeat.com's FREE daily email newsletter.