Nordson Co. (NASDAQ:NDSN) Holdings Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in shares of Nordson Co. (NASDAQ:NDSN) by 17.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,255 shares of the industrial products company’s stock after buying an additional 778 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nordson were worth $1,219,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NDSN. International Assets Investment Management LLC boosted its stake in shares of Nordson by 24,445.4% during the 4th quarter. International Assets Investment Management LLC now owns 158,809 shares of the industrial products company’s stock valued at $41,951,000 after buying an additional 158,162 shares during the period. Cerity Partners LLC acquired a new stake in shares of Nordson during the 4th quarter valued at $507,000. WCM Investment Management LLC acquired a new stake in shares of Nordson during the 4th quarter valued at $1,037,000. Louisiana State Employees Retirement System acquired a new stake in shares of Nordson during the 4th quarter valued at $872,000. Finally, Desjardins Global Asset Management Inc. lifted its stake in shares of Nordson by 147.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,136 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 676 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

NDSN traded up $0.94 during trading on Tuesday, hitting $233.98. The stock had a trading volume of 41,922 shares, compared to its average volume of 235,663. The firm has a market cap of $13.40 billion, a PE ratio of 27.78, a P/E/G ratio of 1.97 and a beta of 0.91. Nordson Co. has a 12 month low of $208.91 and a 12 month high of $279.38. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $233.94 and a 200-day simple moving average of $252.30.

Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.30 by $0.04. The firm had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. Analysts expect that Nordson Co. will post 9.52 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. DA Davidson reduced their price objective on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Robert W. Baird reduced their price objective on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $279.40.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.