Ct Mason buys $3,585,642 stake in Nordson Corporation (NDSN)

Nordson Corporation (NDSN) : Ct Mason scooped up 8,110 additional shares in Nordson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 35,767 shares of Nordson Corporation which is valued at $3,585,642.Nordson Corporation makes up approximately 1.59% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added NDSN to its portfolio by purchasing 8 company shares during the most recent quarter which is valued at $802.

Nordson Corporation closed down -0.31 points or -0.31% at $98.7 with 1,83,133 shares getting traded on Tuesday. Post opening the session at $99.23, the shares hit an intraday low of $98.15 and an intraday high of $99.76 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Nordson Corporation reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 22, 2016. Analyst had a consensus of $1.33. The company had revenue of $489.89 million for the quarter, compared to analysts expectations of $479.67 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Many Wall Street Analysts have commented on Nordson Corporation. Company shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 106 from a previous price target of $98 .Company shares were Reiterated by Wunderlich on Aug 23, 2016 to “Buy”, Firm has raised the Price Target to $ 115 from a previous price target of $100 .Company shares were Reiterated by Barrington Research on Aug 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $102 .

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.

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