First Trust Advisors LP trimmed its stake in Nordson Corporation (NASDAQ:NDSN) by 75.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 58,135 shares of the industrial products company’s stock after selling 175,033 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Nordson Corporation worth $6,889,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NDSN. Teachers Advisors LLC lifted its stake in Nordson Corporation by 17.2% in the first quarter. Teachers Advisors LLC now owns 79,096 shares of the industrial products company’s stock valued at $9,716,000 after buying an additional 11,634 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 valued at $248,000 after buying an additional 106 shares during the last quarter. AQR Capital Management LLC lifted its stake in Nordson Corporation by 1.8% in the first quarter. AQR Capital Management LLC now owns 9,127 shares of the industrial products company’s stock valued at $1,121,000 after buying an additional 161 shares during the last quarter. Capstone Asset Management Co. lifted its stake in Nordson Corporation by 0.6% in the second quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock valued at $799,000 after buying an additional 40 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Nordson Corporation by 8.9% in the second quarter. Bank of Montreal Can now owns 13,753 shares of the industrial products company’s stock valued at $1,667,000 after buying an additional 1,120 shares during the last quarter. Institutional investors own 64.54% of the company’s stock.

In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the business’s 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 sale, the vice president now directly owns 41,937 shares in the company, valued at $4,948,985.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.15% of the stock is currently owned by insiders.

Shares of Nordson Corporation (NASDAQ:NDSN) opened at $125.28 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.47. Nordson Corporation has a 1 year low of $103.76 and a 1 year high of $131.49. The company has a market cap of $7,142.88, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.40.

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

A number of equities research analysts recently weighed in on NDSN shares. Zacks Investment Research cut shares of Nordson Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. SunTrust Banks, Inc. restated a “buy” rating and set a $135.00 price objective on shares of Nordson Corporation in a research note on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $128.00 price objective on shares of Nordson Corporation in a research note on Thursday, August 24th. BidaskClub upgraded shares of Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, KeyCorp restated a “buy” rating and set a $145.00 price objective on shares of Nordson Corporation in a research note on Thursday, October 12th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Nordson Corporation has a consensus rating of “Buy” and an average price target of $140.33.

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

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