Nordson Corporation (NDSN) : Winslow Asset Management Inc reduced its stake in Nordson Corporation by 2.7% during the most recent quarter end. The investment management company now holds a total of 123,306 shares of Nordson Corporation which is valued at $11,193,719 after selling 3,418 shares in Nordson Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Nordson Corporation makes up approximately 2.38% of Winslow Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in NDSN during the most recent quarter. The investment firm sold 200 shares of NDSN which is valued $18,156.Commonwealth Equity Services Inc reduced its stake in NDSN by selling 195 shares or 6.65% in the most recent quarter. The Hedge Fund company now holds 2,737 shares of NDSN which is valued at $247,397.Quantbot Technologies Lp boosted its stake in NDSN in the latest quarter, The investment management firm added 1,801 additional shares and now holds a total of 3,610 shares of Nordson Corporation which is valued at $318,799. Nordson Corporation makes up approx 0.03% of Quantbot Technologies Lp’s portfolio.
Nordson Corporation closed down -0.29 points or -0.32% at $90.1 with 1,30,886 shares getting traded on Wednesday. Post opening the session at $90.53, the shares hit an intraday low of $89.87 and an intraday high of $90.7699 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Nordson Corporation reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on May 23, 2016. Analyst had a consensus of $0.92. The company had revenue of $437.60 million for the quarter, compared to analysts expectations of $415.53 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on Nordson Corporation. Gabelli & Co Initiated Nordson Corporation on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $100.Nordson Corporation was Downgraded by Sidoti to ” Neutral” on May 31, 2016. Company shares were Reiterated by RBC Capital Mkts on May 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $74 .
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 has three segments: Adhesive Dispensing Systems which delivers its precision dispensing and processing technology to diverse markets for applications that reduce material consumption increase line efficiency and enhance product strength durability brand and appearance; Advanced Technology Systems which integrates its product technologies found in progressive stages of a customer’s production process and Industrial Coating Systems which provides both standard and highly-customized equipment used for applying coatings paint finishes sealants and other materials and for curing and drying of dispensed material.