Shares of Nordson Corp. (NASDAQ:NDSN) have earned an average recommendation of “Buy” from the fourteen research firms that are currently covering the company. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $103.90.

A number of research firms recently issued reports on NDSN. Seaport Global Securities boosted their target price on shares of Nordson Corp. from $99.00 to $115.00 in a research report on Wednesday, August 24th. SunTrust Banks Inc. lifted their price objective on shares of Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, August 24th. Zacks Investment Research cut shares of Nordson Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Robert W. Baird cut their price objective on shares of Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating for the company in a report on Wednesday, August 24th. Finally, Royal Bank Of Canada cut their price objective on shares of Nordson Corp. from $106.00 to $98.00 and set a “sector perform” rating for the company in a report on Wednesday, August 24th.

Shares of Nordson Corp. (NASDAQ:NDSN) traded down 1.94% on Tuesday, hitting $96.66. 76,148 shares of the company were exchanged. Nordson Corp. has a 52-week low of $51.89 and a 52-week high of $102.20. The stock has a market capitalization of $5.53 billion, a PE ratio of 22.79 and a beta of 1.33. The firm’s 50-day moving average is $98.65 and its 200-day moving average is $86.93.

Nordson Corp. (NASDAQ:NDSN) last posted its earnings results on Monday, August 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.14. The company earned $489.89 million during the quarter. Nordson Corp. had a net margin of 14.07% and a return on equity of 34.16%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Equities research analysts predict that Nordson Corp. will post $4.51 earnings per share for the current year.

In other Nordson Corp. news, VP Douglas C. Bloomfield sold 3,532 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $99.00, for a total value of $349,668.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary G. Puma sold 3,768 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $99.36, for a total transaction of $374,388.48. Following the completion of the transaction, the director now owns 24,218 shares in the company, valued at $2,406,300.48. The disclosure for this sale can be found here. Corporate insiders own 2.16% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NDSN. Trust Co. of Vermont raised its position in Nordson Corp. by 3.8% in the second quarter. Trust Co. of Vermont now owns 1,245 shares of the company’s stock valued at $104,000 after buying an additional 45 shares during the last quarter. Advisor Group Inc. purchased a new position in Nordson Corp. during the second quarter valued at $106,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Nordson Corp. during the second quarter valued at $121,000. Glenmede Trust Co. NA raised its position in Nordson Corp. by 3.1% in the second quarter. Glenmede Trust Co. NA now owns 1,622 shares of the company’s stock valued at $135,000 after buying an additional 49 shares during the last quarter. Finally, Citigroup Inc. raised its position in Nordson Corp. by 3.6% in the second quarter. Citigroup Inc. now owns 1,771 shares of the company’s stock valued at $148,000 after buying an additional 62 shares during the last quarter. Institutional investors own 64.63% of the company’s stock.

Nordson Corp. Company Profile

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