Isthmus Partners Lowers stake in Nordson Corporation (NDSN)

Nordson Corporation (NDSN) : Isthmus Partners reduced its stake in Nordson Corporation by 2.29% during the most recent quarter end. The investment management company now holds a total of 79,784 shares of Nordson Corporation which is valued at $7,283,481 after selling 1,867 shares in Nordson Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Nordson Corporation makes up approximately 2.28% of Isthmus Partners’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp added NDSN to its portfolio by purchasing 3,974 company shares during the most recent quarter which is valued at $359,210. Nordson Corporation makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.Albert D Mason Inc boosted its stake in NDSN in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 12,578 shares of Nordson Corporation which is valued at $1,090,261. Nordson Corporation makes up approx 0.67% of Albert D Mason Inc’s portfolio.Simplex Trading reduced its stake in NDSN by selling 2,183 shares or 99.09% in the most recent quarter. The Hedge Fund company now holds 20 shares of NDSN which is valued at $1,734.

Nordson Corporation opened for trading at $90.93 and hit $91.48 on the upside on Monday, eventually ending the session at $91.02, with a gain of 0.47% or 0.43 points. The heightened volatility saw the trading volume jump to 2,22,699 shares. Company has a market cap of $5,193 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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