Prescott Group Capital Management L.L.C. Has $1,577,000 Stake in Nordson Corporation (NDSN)

Prescott Group Capital Management L.L.C. maintained its position in shares of Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to its most recent filing with the SEC. The firm owned 13,000 shares of the industrial products company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C.’s holdings in Nordson Corporation were worth $1,577,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC raised its position in shares of Nordson Corporation by 21.7% in the first quarter. ProShare Advisors LLC now owns 84,171 shares of the industrial products company’s stock valued at $10,340,000 after buying an additional 15,030 shares during the period. Nationwide Fund Advisors raised its position in shares of Nordson Corporation by 1.2% in the first quarter. Nationwide Fund Advisors now owns 89,351 shares of the industrial products company’s stock valued at $10,976,000 after buying an additional 1,080 shares during the period. CAPROCK Group Inc. acquired a new position in shares of Nordson Corporation during the first quarter valued at approximately $235,000. Navellier & Associates Inc acquired a new position in shares of Nordson Corporation during the first quarter valued at approximately $269,000. Finally, Retirement Systems of Alabama raised its position in shares of Nordson Corporation by 52.5% in the first quarter. Retirement Systems of Alabama now owns 104,760 shares of the industrial products company’s stock valued at $12,869,000 after buying an additional 36,075 shares during the period. Institutional investors own 66.04% of the company’s stock.

Nordson Corporation (NASDAQ:NDSN) traded up 0.11% during mid-day trading on Friday, hitting $123.98. 212,101 shares of the company traded hands. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 26.13 and a beta of 1.34. Nordson Corporation has a one year low of $85.93 and a one year high of $131.49. The company’s 50-day moving average is $119.53 and its 200-day moving average is $120.46.

Nordson Corporation (NASDAQ:NDSN) last issued its earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The business had revenue of $496.14 million for the quarter, compared to the consensus estimate of $470.12 million. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. Analysts predict that Nordson Corporation will post $5.40 EPS for the current year.

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Several brokerages have recently commented on NDSN. Zacks Investment Research upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Wednesday, April 26th. FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $130.00 price objective (up from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Nordson Corporation has an average rating of “Buy” and an average target price of $115.50.

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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