Nordson Corporation (NDSN) Shares Bought by Ardevora Asset Management LLP
Ardevora Asset Management LLP increased its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,900 shares of the industrial products company’s stock after acquiring an additional 2,100 shares during the period. Ardevora Asset Management LLP owned about 0.50% of Nordson Corporation worth $34,353,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware acquired a new position in Nordson Corporation during the 2nd quarter worth $104,000. Financial Architects Inc lifted its holdings in Nordson Corporation by 12.1% during the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Nordson Corporation by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares in the last quarter. IFP Advisors Inc lifted its holdings in Nordson Corporation by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after buying an additional 21 shares in the last quarter. Finally, Opus Capital Group LLC acquired a new position in Nordson Corporation during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 64.54% of the company’s stock.
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NDSN has been the topic of several research reports. KeyCorp reaffirmed a “buy” rating and set a $145.00 price objective on shares of Nordson Corporation in a report on Thursday, October 12th. FBR & Co set a $160.00 price objective on Nordson Corporation and gave the stock a “buy” rating in a report on Monday, September 11th. Gabelli raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, August 23rd. BidaskClub downgraded Nordson Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Longbow Research raised Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Nordson Corporation has an average rating of “Buy” and an average price target of $140.33.
In related news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the sale, the vice president now owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.15% of the company’s stock.
Nordson Corporation (NASDAQ NDSN) traded up $1.47 during mid-day trading on Wednesday, hitting $125.28. The stock had a trading volume of 156,300 shares, compared to its average volume of 303,452. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10. The firm has a market cap of $7,142.88, a P/E ratio of 23.01, a P/E/G ratio of 1.42 and a beta of 1.40. Nordson Corporation has a one year low of $103.76 and a one year high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. analysts predict that Nordson Corporation will post 5.32 EPS for the current year.
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.
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