Nordson Co. (NDSN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $157.88.

NDSN has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and set a $160.00 price objective on shares of Nordson in a report on Wednesday, December 13th. Robert W. Baird reaffirmed a “neutral” rating on shares of Nordson in a report on Friday, February 23rd. BidaskClub cut Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. KeyCorp reaffirmed a “buy” rating and issued a $165.00 price target (up previously from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Nordson in a report on Tuesday, January 9th.

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In other news, insider Gregory A. Thaxton sold 7,475 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $148.48, for a total transaction of $1,109,888.00. Following the transaction, the insider now directly owns 56,756 shares in the company, valued at approximately $8,427,130.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael F. Hilton sold 50,000 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $137.11, for a total value of $6,855,500.00. Following the transaction, the chief executive officer now owns 225,774 shares in the company, valued at $30,955,873.14. The disclosure for this sale can be found here. Insiders have sold a total of 123,275 shares of company stock worth $17,159,326 over the last quarter. Corporate insiders own 2.01% of the company’s stock.

Several institutional investors have recently made changes to their positions in NDSN. New York State Common Retirement Fund increased its position in shares of Nordson by 1.1% during the 3rd quarter. New York State Common Retirement Fund now owns 187,437 shares of the industrial products company’s stock valued at $22,211,000 after purchasing an additional 2,000 shares during the last quarter. Legal & General Group Plc increased its position in shares of Nordson by 8.0% during the 3rd quarter. Legal & General Group Plc now owns 53,700 shares of the industrial products company’s stock valued at $6,364,000 after purchasing an additional 3,962 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nordson by 39.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 55,758 shares of the industrial products company’s stock valued at $6,633,000 after purchasing an additional 15,893 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Nordson by 2.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 174,788 shares of the industrial products company’s stock valued at $20,713,000 after purchasing an additional 4,722 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Nordson by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 27,133 shares of the industrial products company’s stock valued at $3,228,000 after purchasing an additional 2,130 shares during the last quarter. Hedge funds and other institutional investors own 66.70% of the company’s stock.

NDSN traded up $4.29 during trading on Thursday, reaching $136.59. 260,192 shares of the company were exchanged, compared to its average volume of 250,513. The stock has a market capitalization of $7,616.45, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 1.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.07 and a current ratio of 1.52. Nordson has a 12-month low of $107.16 and a 12-month high of $151.84.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $550.42 million for the quarter, compared to analysts’ expectations of $538.21 million. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. research analysts forecast that Nordson will post 6.33 earnings per share for the current fiscal year.

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About Nordson

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.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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