We Are One Seven LLC Trims Holdings in Nordson Co. (NASDAQ:NDSN)

We Are One Seven LLC cut its stake in Nordson Co. (NASDAQ:NDSN) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,425 shares of the industrial products company’s stock after selling 190 shares during the quarter. We Are One Seven LLC’s holdings in Nordson were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Investments LP bought a new position in shares of Nordson during the fourth quarter valued at $227,000. Two Sigma Advisers LP lifted its holdings in shares of Nordson by 299.2% during the fourth quarter. Two Sigma Advisers LP now owns 12,937 shares of the industrial products company’s stock valued at $1,544,000 after acquiring an additional 9,696 shares during the period. Bank of America Corp DE lifted its holdings in shares of Nordson by 4.5% during the fourth quarter. Bank of America Corp DE now owns 173,990 shares of the industrial products company’s stock valued at $20,766,000 after acquiring an additional 7,461 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Nordson by 20.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 12,335 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 2,113 shares during the period. Finally, Norges Bank bought a new position in shares of Nordson during the fourth quarter valued at $59,907,000. Institutional investors own 68.78% of the company’s stock.

Shares of NASDAQ:NDSN traded down $2.56 during midday trading on Friday, reaching $135.97. The company’s stock had a trading volume of 2,672 shares, compared to its average volume of 114,236. Nordson Co. has a fifty-two week low of $110.16 and a fifty-two week high of $149.23. The company has a market capitalization of $8.19 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.70 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.16 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $137.70.

Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.06). Nordson had a net margin of 14.64% and a return on equity of 22.46%. The business had revenue of $551.00 million during the quarter, compared to analyst estimates of $558.34 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts predict that Nordson Co. will post 6.15 earnings per share for the current year.

A number of brokerages have issued reports on NDSN. Oppenheimer lifted their price objective on Nordson from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. ValuEngine raised Nordson from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut Nordson from a “hold” rating to a “sell” rating and set a $148.00 price objective for the company. in a report on Monday, July 1st. Finally, BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $139.60.

In related news, Director Mary G. Puma sold 998 shares of Nordson stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total value of $127,624.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael F. Hilton sold 6,000 shares of Nordson stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $128.06, for a total value of $768,360.00. Following the completion of the sale, the chief executive officer now owns 224,455 shares of the company’s stock, valued at $28,743,707.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,609 shares of company stock valued at $1,677,648. 1.97% of the stock is currently owned by corporate insiders.

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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