Teachers Advisors LLC increased its position in shares of Nordson Corporation (NASDAQ:NDSN) by 17.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,096 shares of the industrial products company’s stock after buying an additional 11,634 shares during the period. Teachers Advisors LLC owned 0.14% of Nordson Corporation worth $9,716,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. TrimTabs Asset Management LLC bought a new position in shares of Nordson Corporation during the first quarter worth $126,000. IFP Advisors Inc raised its position in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares during the period. Sapphire Star Partners LP bought a new position in shares of Nordson Corporation during the first quarter worth $204,000. CAPROCK Group Inc. bought a new position in shares of Nordson Corporation during the first quarter worth $235,000. Finally, Motley Fool Wealth Management LLC bought a new position in shares of Nordson Corporation during the first quarter worth $252,000. Institutional investors own 65.83% of the company’s stock.
Nordson Corporation (NASDAQ NDSN) opened at 128.31 on Friday. Nordson Corporation has a one year low of $87.76 and a one year high of $131.49. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 27.05 and a beta of 1.35. The firm has a 50-day moving average of $121.72 and a 200-day moving average of $121.26.
Nordson Corporation (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Nordson Corporation had a net margin of 14.43% and a return on equity of 33.39%. The firm had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. During the same period in the prior year, the firm earned $1.23 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Analysts anticipate that Nordson Corporation will post $5.40 EPS for the current year.
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NDSN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Wednesday, April 12th. BidaskClub upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Wells Fargo & Company restated a “market perform” rating and set a $130.00 target price (up previously from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Finally, FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $115.50.
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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