Rmb Capital Management Lowers stake in Nordson Corporation (NDSN)

Nordson Corporation (NDSN) : Rmb Capital Management reduced its stake in Nordson Corporation by 23.83% during the most recent quarter end. The investment management company now holds a total of 194,378 shares of Nordson Corporation which is valued at $17,165,521 after selling 60,797 shares in Nordson Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Nordson Corporation makes up approximately 1.18% of Rmb Capital Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in NDSN by selling 1,000 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 129,200 shares of NDSN which is valued at $11,409,652. Nordson Corporation makes up approx 0.02% of California Public Employees Retirement System’s portfolio.Quadrant Capital Group boosted its stake in NDSN in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 57 shares of Nordson Corporation which is valued at $5,033.Hl Financial Services boosted its stake in NDSN in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 5,476 shares of Nordson Corporation which is valued at $486,652. Nordson Corporation makes up approx 0.01% of Hl Financial Services’s portfolio.Msi Financial Services Inc boosted its stake in NDSN in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 221 shares of Nordson Corporation which is valued at $19,640.Independent Portfolio Consultants reduced its stake in NDSN by selling 470 shares or 19.62% in the most recent quarter. The Hedge Fund company now holds 1,925 shares of NDSN which is valued at $166,359. Nordson Corporation makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.

Nordson Corporation opened for trading at $90.61 and hit $91.22 on the upside on Monday, eventually ending the session at $90.78, with a gain of 0.43% or 0.39 points. The heightened volatility saw the trading volume jump to 1,52,642 shares. Company has a market cap of $5,179 M.

On the company’s financial health, Nordson Corporation reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on May 23, 2016. Analyst had a consensus of $0.92. The company had revenue of $437.60 million for the quarter, compared to analysts expectations of $415.53 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Nordson Corporation. Gabelli & Co Initiated Nordson Corporation on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $100.Nordson Corporation was Downgraded by Sidoti to ” Neutral” on May 31, 2016. Company shares were Reiterated by RBC Capital Mkts on May 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $74 .

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.

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