Chicago Equity Partners LLC Lowers Position in Nordson Corporation (NDSN)
Chicago Equity Partners LLC trimmed its position in Nordson Corporation (NASDAQ:NDSN) by 82.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,960 shares of the industrial products company’s stock after selling 22,740 shares during the quarter. Chicago Equity Partners LLC’s holdings in Nordson Corporation were worth $588,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Nordson Corporation by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock worth $9,601,000 after purchasing an additional 1,751 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Nordson Corporation by 4.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 416,003 shares of the industrial products company’s stock worth $50,471,000 after purchasing an additional 19,044 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Nordson Corporation by 44.0% during the second quarter. BNP Paribas Arbitrage SA now owns 26,298 shares of the industrial products company’s stock worth $3,190,000 after buying an additional 8,039 shares during the last quarter. FMR LLC boosted its holdings in Nordson Corporation by 26.9% during the second quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock worth $55,283,000 after buying an additional 96,598 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Nordson Corporation by 16.5% during the second quarter. Pacer Advisors Inc. now owns 7,374 shares of the industrial products company’s stock worth $895,000 after buying an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.
A number of equities analysts have issued reports on the company. Gabelli upgraded Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, August 23rd. B. Riley restated a “buy” rating on shares of Nordson Corporation in a report on Wednesday, November 1st. Zacks Investment Research cut Nordson Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Longbow Research upgraded Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, September 20th. Finally, BidaskClub cut Nordson Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $140.33.
In other news, VP James E. Devries sold 5,000 shares of Nordson Corporation stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the transaction, the vice president now owns 41,937 shares in the company, valued at approximately $4,948,985.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.15% of the company’s stock.
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Nordson Corporation (NASDAQ NDSN) opened at $125.90 on Friday. Nordson Corporation has a 1-year low of $103.76 and a 1-year high of $131.49. The company has a current ratio of 2.10, a quick ratio of 1.47 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7,149.23, a PE ratio of 23.03, a PEG ratio of 1.42 and a beta of 1.40.
Nordson Corporation (NASDAQ:NDSN) last released 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. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $574.20 million. During the same quarter in the previous year, the business posted $1.67 EPS. Nordson Corporation’s revenue for the quarter was up 20.3% on a year-over-year basis. analysts forecast that Nordson Corporation will post 5.32 earnings per share 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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