Sciencast Management LP Purchases New Holdings in Nordson Co. (NDSN)

Sciencast Management LP bought a new position in shares of Nordson Co. (NASDAQ:NDSN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,250 shares of the industrial products company’s stock, valued at approximately $313,000.

Other large investors have also added to or reduced their stakes in the company. CX Institutional purchased a new stake in shares of Nordson during the first quarter worth about $30,000. Cordasco Financial Network purchased a new stake in shares of Nordson during the first quarter worth about $30,000. Doyle Wealth Management purchased a new stake in shares of Nordson during the fourth quarter worth about $30,000. Penserra Capital Management LLC purchased a new stake in shares of Nordson during the fourth quarter worth about $36,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Nordson during the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Several research firms recently issued reports on NDSN. Oppenheimer increased their target price on Nordson from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. BidaskClub upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine raised Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $143.83.

In other news, insider John J. Keane sold 43,900 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $132.69, for a total value of $5,825,091.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gina A. Beredo sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $137.26, for a total value of $96,082.00. Following the completion of the sale, the vice president now directly owns 6,208 shares of the company’s stock, valued at $852,110.08. The disclosure for this sale can be found here. Insiders sold a total of 73,560 shares of company stock valued at $9,831,639 over the last ninety days. Corporate insiders own 1.97% of the company’s stock.

Nordson stock traded down $0.31 during midday trading on Friday, reaching $142.96. 154,967 shares of the stock traded hands, compared to its average volume of 158,405. Nordson Co. has a 12 month low of $110.16 and a 12 month high of $149.23. The firm has a market cap of $8.21 billion, a PE ratio of 24.07, a PEG ratio of 1.79 and a beta of 1.14. The company has a current ratio of 2.67, a quick ratio of 1.84 and a debt-to-equity ratio of 0.95.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.21). The firm had revenue of $497.91 million for the quarter, compared to the consensus estimate of $497.99 million. Nordson had a net margin of 14.59% and a return on equity of 23.01%. Nordson’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. As a group, equities research analysts forecast that Nordson Co. will post 6.34 earnings per share for the current fiscal year.

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About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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