Nordson Co. (NASDAQ:NDSN) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $140.00.
A number of research firms have commented on NDSN. ValuEngine upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub upgraded shares of Nordson from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, CIBC upgraded shares of Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Tuesday, January 8th.
In other news, CEO Michael F. Hilton sold 4,000 shares of Nordson stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $137.98, for a total transaction of $551,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shelly Peet sold 11,600 shares of Nordson stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $133.16, for a total transaction of $1,544,656.00. Following the transaction, the insider now owns 29,296 shares of the company’s stock, valued at $3,901,055.36. The disclosure for this sale can be found here. Insiders have sold 73,560 shares of company stock valued at $9,831,639 over the last quarter. Corporate insiders own 1.97% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NDSN. CX Institutional bought a new position in shares of Nordson during the first quarter valued at about $30,000. Cordasco Financial Network bought a new position in shares of Nordson during the first quarter valued at about $30,000. Doyle Wealth Management bought a new position in shares of Nordson during the fourth quarter valued at about $30,000. Penserra Capital Management LLC bought a new position in shares of Nordson during the fourth quarter valued at about $36,000. Finally, Bessemer Group Inc. bought a new position in shares of Nordson during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 70.20% of the company’s stock.
NASDAQ:NDSN traded up $1.72 during trading hours on Tuesday, reaching $146.10. The company had a trading volume of 151,162 shares, compared to its average volume of 154,615. The company has a current ratio of 2.67, a quick ratio of 1.84 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.81 and a beta of 1.11. Nordson has a twelve month low of $110.16 and a twelve month high of $146.84.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.21). The company had revenue of $497.91 million during the quarter, compared to analyst estimates of $497.99 million. Nordson had a return on equity of 23.01% and a net margin of 14.59%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. Equities analysts predict that Nordson will post 6.36 earnings per share for the current fiscal year.
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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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