Could Nordson Corporation (NASDAQ:NDSN) See a Reversal After Less Sellers Came In?

July 17, 2017 - By Winifred Garcia

 Could Nordson Corporation (NASDAQ:NDSN) See a Reversal After Less Sellers Came In?

Investors sentiment increased to 1.29 in 2016 Q4. Its up 0.18, from 1.11 in 2016Q3. It increased, as 17 investors sold Nordson Corporation shares while 93 reduced holdings. 52 funds opened positions while 90 raised stakes. 37.14 million shares or 0.83% more from 36.84 million shares in 2016Q3 were reported.
Metropolitan Life Ins holds 0.04% or 52,092 shares. Mcdaniel Terry And Co stated it has 6.47% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Logan Capital Management Incorporated has invested 0.62% in Nordson Corporation (NASDAQ:NDSN). Commonwealth Equity Service Incorporated has invested 0% in Nordson Corporation (NASDAQ:NDSN). Da Davidson Co accumulated 952 shares. 28,208 were accumulated by Thrivent Financial For Lutherans. Verition Fund Management Limited Company stated it has 0.06% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Sei Invs Communications has invested 0.01% in Nordson Corporation (NASDAQ:NDSN). 18,488 are owned by Oregon Public Employees Retirement Fund. Legal General Group Public Limited Company invested 0% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Advantus Cap Management holds 0.02% of its portfolio in Nordson Corporation (NASDAQ:NDSN) for 6,610 shares. Geode Mngmt Ltd invested 0.02% of its portfolio in Nordson Corporation (NASDAQ:NDSN). The New York-based Goldman Sachs Group Inc Inc has invested 0.01% in Nordson Corporation (NASDAQ:NDSN). 32,788 were accumulated by Credit Agricole S A. Ameritas Investment Prtnrs accumulated 15,989 shares.

Since March 2, 2017, it had 0 buys, and 3 selling transactions for $3.60 million activity. The insider KEANE JOHN J sold 23,600 shares worth $2.92 million. 2,775 shares were sold by Pembroke Jeffrey A, worth $344,100 on Thursday, March 2. PEET SHELLY sold $329,157 worth of stock or 2,650 shares.

The stock of Nordson Corporation (NASDAQ:NDSN) registered a decrease of 7.94% in short interest. NDSN’s total short interest was 1.04 million shares in July as published by FINRA. Its down 7.94% from 1.13M shares, reported previously. With 478,200 shares average volume, it will take short sellers 2 days to cover their NDSN’s short positions. The short interest to Nordson Corporation’s float is 2.07%.

The stock increased 0.62% or $0.76 during the last trading session, reaching $122.89. About 263,722 shares traded. Nordson Corporation (NASDAQ:NDSN) has risen 72.22% since July 17, 2016 and is uptrending. It has outperformed by 55.52% the S&P500.

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 market cap of $7.09 billion. The Company’s divisions include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems. It has a 26.06 P/E ratio. The Adhesive Dispensing Systems segment delivers its precision dispensing and processing technology to various markets.

Nordson Corporation (NASDAQ:NDSN) Ratings Coverage

Among 9 analysts covering Nordson (NASDAQ:NDSN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Nordson had 25 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Monday, June 26 with “Hold”. Robert W. Baird maintained Nordson Corporation (NASDAQ:NDSN) rating on Wednesday, August 24. Robert W. Baird has “Neutral” rating and $106 target. Wunderlich maintained the stock with “Hold” rating in Monday, December 14 report. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, February 24. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, December 14 report. Wunderlich maintained Nordson Corporation (NASDAQ:NDSN) on Tuesday, August 23 with “Buy” rating. The firm earned “Buy” rating on Tuesday, November 3 by Suntrust Robinson. The firm earned “Sector Perform” rating on Wednesday, August 24 by RBC Capital Markets. The stock of Nordson Corporation (NASDAQ:NDSN) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, February 15. Barrington Research maintained the stock with “Outperform” rating in Tuesday, August 23 report.

More news for Nordson Corporation (NASDAQ:NDSN) were recently published by: Fool.com, which released: “Nordson Corporation Beats Expectations (Again)” on May 23, 2017. Businesswire.com‘s article titled: “Nordson SEALANT EQUIPMENT Introduces a Comprehensive New Range of Products …” and published on June 21, 2017 is yet another important article.

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