Nordson Corporation (NASDAQ:NDSN)‘s stock had its “buy” rating reiterated by equities researchers at SunTrust Banks, Inc. in a research note issued on Friday, October 27th. They currently have a $135.00 price target on the industrial products company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 7.76% from the company’s current price.
Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Nordson Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and issued a $145.00 price target on shares of Nordson Corporation in a research report on Thursday, October 12th. Robert W. Baird reissued a “hold” rating and issued a $138.00 price target on shares of Nordson Corporation in a research report on Wednesday, October 4th. Longbow Research raised shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, September 20th. Finally, FBR & Co set a $160.00 price objective on shares of Nordson Corporation and gave the company a “buy” rating in a research report on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Nordson Corporation has an average rating of “Buy” and a consensus price target of $140.33.
Shares of Nordson Corporation (NASDAQ NDSN) traded up $1.47 on Friday, reaching $125.28. 156,300 shares of the company were exchanged, compared to its average volume of 303,452. Nordson Corporation has a 12-month low of $103.76 and a 12-month high of $131.49. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The company has a market cap of $7,142.88, a price-to-earnings ratio of 23.01, a PEG ratio of 1.42 and a beta of 1.40.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data 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 company had revenue of $589.40 million during the quarter, compared to analyst estimates of $574.20 million. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. research analysts anticipate that Nordson Corporation will post 5.32 earnings per share for the current fiscal year.
In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of Nordson Corporation stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the completion of the transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.15% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in shares of Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Nordson Corporation by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares during the period. Capstone Asset Management Co. grew its position in shares of Nordson Corporation by 0.6% during the 2nd quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock worth $799,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas grew its position in shares of Nordson Corporation by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,156 shares of the industrial products company’s stock worth $504,000 after buying an additional 72 shares during the period. Finally, State of Wisconsin Investment Board grew its position in shares of Nordson Corporation by 0.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 11,495 shares of the industrial products company’s stock worth $1,395,000 after buying an additional 90 shares during the period. 64.54% of the stock is owned by institutional investors and hedge funds.
About Nordson Corporation
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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