Nordson Corporation (NASDAQ:NDSN)‘s stock had its “buy” rating reiterated by investment analysts at KeyCorp in a note issued to investors on Sunday. They currently have a $145.00 price objective on the industrial products company’s stock. KeyCorp’s target price indicates a potential upside of 13.57% from the company’s current price.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Nordson Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $135.00 price target on shares of Nordson Corporation in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $128.00 price target on shares of Nordson Corporation in a research note on Thursday, August 24th. BidaskClub raised shares of Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Gabelli raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $140.33.
Shares of Nordson Corporation (NDSN) opened at $127.67 on Friday. Nordson Corporation has a 12 month low of $103.76 and a 12 month high of $131.49. The firm has a market cap of $7,308.46, a price-to-earnings ratio of 23.55, a PEG ratio of 1.46 and a beta of 1.40. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.
Nordson Corporation (NASDAQ:NDSN) last announced its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. sell-side analysts expect that Nordson Corporation will post 5.32 EPS for the current year.
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In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the transaction, the vice president now owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.15% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP increased its position in Nordson Corporation by 175.7% during the 3rd quarter. GSA Capital Partners LLP now owns 6,467 shares of the industrial products company’s stock valued at $766,000 after purchasing an additional 4,121 shares during the period. Independent Advisor Alliance boosted its holdings in shares of Nordson Corporation by 13.6% in the 3rd quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock valued at $668,000 after buying an additional 657 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Nordson Corporation by 3.4% in the 3rd quarter. California Public Employees Retirement System now owns 130,116 shares of the industrial products company’s stock valued at $15,419,000 after buying an additional 4,316 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Nordson Corporation by 361.8% in the 3rd quarter. Jane Street Group LLC now owns 12,916 shares of the industrial products company’s stock valued at $1,531,000 after buying an additional 10,119 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in shares of Nordson Corporation by 81.5% in the 3rd quarter. Vident Investment Advisory LLC now owns 113,247 shares of the industrial products company’s stock valued at $13,420,000 after buying an additional 50,847 shares in the last quarter. 67.26% of the stock is currently owned by institutional investors and hedge funds.
Nordson Corporation Company Profile
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’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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