Northern Trust Corp Has $55.18 Million Holdings in Nordson Corporation (NDSN)
Northern Trust Corp decreased its holdings in Nordson Corporation (NASDAQ:NDSN) by 0.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 454,846 shares of the industrial products company’s stock after selling 22 shares during the quarter. Northern Trust Corp owned 0.79% of Nordson Corporation worth $55,183,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Financial Architects Inc raised its stake in Nordson Corporation by 12.1% in the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 100 shares in the last quarter. D.A. Davidson & CO. raised its stake in Nordson Corporation by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 22 shares in the last quarter. IFP Advisors Inc raised its stake in Nordson Corporation by 1.5% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 21 shares in the last quarter. Opus Capital Group LLC acquired a new stake in Nordson Corporation in the 2nd quarter worth about $208,000. Finally, Raymond James Trust N.A. acquired a new stake in Nordson Corporation in the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 65.48% of the company’s stock.
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Several brokerages have weighed in on NDSN. Robert W. Baird reiterated a “hold” rating and issued a $138.00 price objective on shares of Nordson Corporation in a research note on Wednesday. FBR & Co set a $160.00 target price on shares of Nordson Corporation and gave the company a “buy” rating in a research report on Monday, September 11th. BidaskClub cut shares of Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Nordson Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Longbow Research upgraded shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Nordson Corporation currently has an average rating of “Buy” and an average target price of $139.71.
Shares of Nordson Corporation (NASDAQ:NDSN) opened at 121.77 on Friday. The company’s 50 day moving average is $114.67 and its 200 day moving average is $120.97. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 24.21 and a beta of 1.37. Nordson Corporation has a one year low of $95.35 and a one year high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last announced its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. Nordson Corporation’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm posted $1.67 earnings per share. Equities research analysts predict that Nordson Corporation will post $5.32 earnings per share for the current year.
In related news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 at the SEC website. Company insiders own 2.15% of the company’s stock.
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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