Nordson Co. (NASDAQ:NDSN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $278.00.

A number of brokerages recently weighed in on NDSN. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their target price on Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. DA Davidson upped their target price on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th.

Nordson Stock Performance

NASDAQ:NDSN opened at $272.06 on Wednesday. The stock’s 50-day simple moving average is $265.98 and its 200 day simple moving average is $252.66. The firm has a market capitalization of $15.56 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. Nordson has a twelve month low of $208.90 and a twelve month high of $278.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. The business had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $1.95 EPS. On average, analysts anticipate that Nordson will post 10.2 EPS for the current fiscal year.

Institutional Trading of Nordson

A number of institutional investors have recently added to or reduced their stakes in NDSN. Tobam boosted its holdings in Nordson by 2,275.0% in the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Nordson in the 4th quarter valued at $26,000. Sound Income Strategies LLC bought a new position in shares of Nordson during the fourth quarter valued at about $27,000. Fortitude Family Office LLC purchased a new position in Nordson in the 4th quarter worth approximately $28,000. Finally, Quent Capital LLC raised its holdings in Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock valued at $32,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.