Nordson Corporation (NDSN) : Johanson Financial Advisors scooped up 680 additional shares in Nordson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 15,430 shares of Nordson Corporation which is valued at $1,482,823.Nordson Corporation makes up approximately 1.61% of Johanson Financial Advisors’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc boosted its stake in NDSN in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 8,264 shares of Nordson Corporation which is valued at $802,021. Cutler Group Lp sold out all of its stake in NDSN during the most recent quarter. The investment firm sold 178 shares of NDSN which is valued $17,545.Eqis Capital Management boosted its stake in NDSN in the latest quarter, The investment management firm added 648 additional shares and now holds a total of 3,426 shares of Nordson Corporation which is valued at $343,457. Nordson Corporation makes up approx 0.02% of Eqis Capital Management’s portfolio.
Nordson Corporation opened for trading at $96.06 and hit $97.22 on the upside on Friday, eventually ending the session at $96.1, with a gain of 0.36% or 0.34 points. The heightened volatility saw the trading volume jump to 1,98,999 shares. Company has a market cap of $5,496 M.
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.