What’s Ahead for Nordson Corporation (NASDAQ:NDSN) After Less Shorted Shares?

July 17, 2017 - By Migdalia James

 What’s Ahead for Nordson Corporation (NASDAQ:NDSN) After Less Shorted Shares?

Investors sentiment increased to 1.29 in Q4 2016. 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.
Us National Bank & Trust De invested 0% in Nordson Corporation (NASDAQ:NDSN). Copeland Capital Management Ltd Llc holds 0.94% or 128,670 shares. Tiaa Cref Investment Mngmt Ltd Liability Corporation has invested 0.02% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Gemmer Asset Mgmt Limited Liability invested in 195 shares or 0.01% of the stock. Voloridge Lc reported 0.01% stake. Lord Abbett Com Lc invested 0.35% in Nordson Corporation (NASDAQ:NDSN). Finemark National Bank & Trust & has invested 0% in Nordson Corporation (NASDAQ:NDSN). Prudential invested in 253,836 shares or 0.05% of the stock. Columbia Wanger Asset Mngmt Ltd Liability reported 0.74% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Southernsun Asset Mngmt Limited Liability Company accumulated 532,540 shares or 1.52% of the stock. Utah Retirement Systems has invested 0.03% of its portfolio in Nordson Corporation (NASDAQ:NDSN). 194,411 are held by Ameriprise. Moreover, Archford Cap Strategies Ltd has 0% invested in Nordson Corporation (NASDAQ:NDSN). Asset Mngmt Inc, a Michigan-based fund reported 3,287 shares. Skylands Limited Liability Company invested in 3,250 shares.

Since March 2, 2017, it had 0 insider buys, and 3 selling transactions for $3.60 million activity. $2.92M worth of stock was sold by KEANE JOHN J on Thursday, March 9. Pembroke Jeffrey A had sold 2,775 shares worth $344,100. PEET SHELLY sold $329,157 worth of Nordson Corporation (NASDAQ:NDSN) on Tuesday, March 7.

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 firm earned “Perform” rating on Wednesday, August 24 by Oppenheimer. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Wednesday, February 15. The stock of Nordson Corporation (NASDAQ:NDSN) has “Outperform” rating given on Wednesday, February 22 by Barrington Research. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Tuesday, May 10. SunTrust maintained the shares of NDSN in report on Wednesday, August 24 with “Buy” rating. The firm has “Sector Perform” rating given on Wednesday, August 24 by RBC Capital Markets. The company was maintained on Friday, August 21 by Wunderlich. The rating was maintained by Robert W. Baird with “Neutral” on Wednesday, August 24. The firm earned “Buy” rating on Friday, June 10 by Gabelli.

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

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