GSA Capital Partners LLP Acquires 255 Shares of Nordson Corporation (NDSN)
GSA Capital Partners LLP raised its holdings in Nordson Corporation (NASDAQ:NDSN) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,346 shares of the industrial products company’s stock after acquiring an additional 255 shares during the quarter. GSA Capital Partners LLP’s holdings in Nordson Corporation were worth $285,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in NDSN. UBS Asset Management Americas Inc. increased its position in Nordson Corporation by 26.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 63,603 shares of the industrial products company’s stock valued at $7,813,000 after acquiring an additional 13,361 shares during the period. JPMorgan Chase & Co. increased its position in Nordson Corporation by 22.6% in the 1st quarter. JPMorgan Chase & Co. now owns 58,505 shares of the industrial products company’s stock valued at $7,187,000 after acquiring an additional 10,768 shares during the period. Victory Capital Management Inc. increased its position in Nordson Corporation by 26.5% in the 1st quarter. Victory Capital Management Inc. now owns 9,034 shares of the industrial products company’s stock valued at $1,110,000 after acquiring an additional 1,890 shares during the period. FMR LLC acquired a new position in Nordson Corporation in the 1st quarter valued at approximately $44,110,000. Finally, Teachers Advisors LLC increased its position in Nordson Corporation by 17.2% in the 1st quarter. Teachers Advisors LLC now owns 79,096 shares of the industrial products company’s stock valued at $9,716,000 after acquiring an additional 11,634 shares during the period. Hedge funds and other institutional investors own 65.48% of the company’s stock.
In related news, VP James E. Devries sold 5,000 shares of Nordson Corporation stock in a transaction on 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 SEC, which can be accessed through this link. 2.15% of the stock is owned by insiders.
Several brokerages have issued reports on NDSN. Gabelli upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of Nordson Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. BidaskClub upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Longbow Research upgraded shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, September 20th. Finally, FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Nordson Corporation presently has a consensus rating of “Hold” and an average price target of $141.14.
Shares of Nordson Corporation (NDSN) opened at 123.37 on Thursday. Nordson Corporation has a 52-week low of $96.05 and a 52-week high of $131.49. The firm has a market capitalization of $7.12 billion, a PE ratio of 24.53 and a beta of 1.37. The stock’s 50 day moving average is $116.73 and its 200 day moving average is $120.94.
Nordson Corporation (NASDAQ:NDSN) last issued its 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 company had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, equities research analysts forecast that Nordson Corporation will post $5.32 EPS for the current year.
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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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