Keybank National Associationoh buys $62,367,773 stake in Nordson Corporation (NDSN)

Nordson Corporation (NDSN) : Keybank National Associationoh scooped up 5,593 additional shares in Nordson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 688,462 shares of Nordson Corporation which is valued at $62,367,773.Nordson Corporation makes up approximately 0.39% of Keybank National Associationoh’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd reduced its stake in NDSN by selling 1,582 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 77,536 shares of NDSN which is valued at $7,023,986.Sii Investments Incwi boosted its stake in NDSN in the latest quarter, The investment management firm added 1,685 additional shares and now holds a total of 20,672 shares of Nordson Corporation which is valued at $1,876,604. Nordson Corporation makes up approx 0.15% of Sii Investments Incwi’s portfolio.Edge Asset Management Inc reduced its stake in NDSN by selling 1,273 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 281,723 shares of NDSN which is valued at $25,574,814. Nordson Corporation makes up approx 0.22% of Edge Asset Management Inc’s portfolio.Sg Americas Securities reduced its stake in NDSN by selling 4,491 shares or 21.65% in the most recent quarter. The Hedge Fund company now holds 16,250 shares of NDSN which is valued at $1,435,038. Nordson Corporation makes up approx 0.01% of Sg Americas Securities’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.

Nordson Corporation opened for trading at $90.74 and hit $92.31 on the upside on Friday, eventually ending the session at $92.2, with a gain of 1.15% or 1.05 points. The heightened volatility saw the trading volume jump to 2,89,532 shares. Company has a market cap of $5,260 M.

On the company’s financial health, Nordson Corporation reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 22, 2016. Analyst had a consensus of $1.33. The company had revenue of $489.89 million for the quarter, compared to analysts expectations of $479.67 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 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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