Parametrica Management Ltd lowered its stake in Nordson Corporation (NASDAQ:NDSN) by 19.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,099 shares of the industrial products company’s stock after selling 505 shares during the quarter. Parametrica Management Ltd’s holdings in Nordson Corporation were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NDSN. FMR LLC bought a new position in shares of Nordson Corporation in the first quarter worth about $44,110,000. Teachers Advisors LLC raised its stake in shares of Nordson Corporation by 17.2% in the first quarter. Teachers Advisors LLC now owns 79,096 shares of the industrial products company’s stock worth $9,716,000 after buying an additional 11,634 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Nordson Corporation by 5.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,031 shares of the industrial products company’s stock worth $248,000 after buying an additional 106 shares during the period. Morgan Stanley raised its stake in shares of Nordson Corporation by 41.7% in the first quarter. Morgan Stanley now owns 234,056 shares of the industrial products company’s stock worth $28,750,000 after buying an additional 68,935 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Nordson Corporation by 24.5% in the first quarter. Bank of America Corp DE now owns 164,359 shares of the industrial products company’s stock worth $20,189,000 after buying an additional 32,396 shares during the period. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Nordson Corporation (NDSN) opened at $126.73 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.47. The company has a market cap of $7.30 billion, a PE ratio of 23.51, a P/E/G ratio of 1.45 and a beta of 1.40.

Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The company had revenue of $589.40 million for the quarter, compared to analyst estimates of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The company’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 earnings per share. equities analysts anticipate that Nordson Corporation will post 5.32 earnings per share for the current year.

Several research analysts have recently commented on NDSN shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Nordson Corporation in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Nordson Corporation in a research note on Wednesday, October 4th. Zacks Investment Research downgraded Nordson Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. FBR & Co set a $160.00 price objective on Nordson Corporation and gave the stock a “buy” rating in a research note on Monday, September 11th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Nordson Corporation in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $140.33.

In other news, VP James E. Devries sold 5,000 shares of the stock in a transaction dated Monday, September 25th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. 2.15% of the stock is owned by corporate insiders.

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.

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

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