Barings LLC Maintains Stake in Nordson Corporation (NDSN)

Barings LLC held its stake in shares of Nordson Corporation (NASDAQ:NDSN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the industrial products company’s stock at the end of the first quarter. Barings LLC’s holdings in Nordson Corporation were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Navellier & Associates Inc purchased a new position in shares of Nordson Corporation during the first quarter worth approximately $269,000. 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 worth $12,869,000 after buying an additional 36,075 shares in the last quarter. Johanson Financial Advisors Inc. purchased a new position in shares of Nordson Corporation during the first quarter worth approximately $1,828,000. Columbus Circle Investors purchased a new position in shares of Nordson Corporation during the first quarter worth approximately $10,105,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Nordson Corporation by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the industrial products company’s stock worth $1,658,000 after buying an additional 300 shares in the last quarter. 65.92% of the stock is owned by hedge funds and other institutional investors.

Nordson Corporation (NASDAQ:NDSN) traded down 0.60% on Tuesday, reaching $128.33. 270,491 shares of the company’s stock traded hands. Nordson Corporation has a 52-week low of $89.82 and a 52-week high of $131.49. The stock has a market capitalization of $7.40 billion, a PE ratio of 27.05 and a beta of 1.35. The firm’s 50-day moving average is $122.65 and its 200 day moving average is $121.40.

Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts forecast that Nordson Corporation will post $5.40 EPS for the current year.

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A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Wells Fargo & Company restated a “market perform” rating and issued a $130.00 target price (up previously from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. BidaskClub upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Wellington Shields upgraded shares of Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus 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.

Institutional Ownership by Quarter for Nordson Corporation (NASDAQ:NDSN)

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