Nordson Corp. (NDSN) Receives $102.78 Average PT from Analysts
Nordson Corp. (NASDAQ:NDSN) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a 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 $102.78.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Nordson Corp. from a “buy” rating to a “sell” rating in a report on Wednesday, October 26th. Oppenheimer Holdings Inc. cut their price target on Nordson Corp. from $90.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, August 25th. RBC Capital Markets reiterated a “sector perform” rating and set a $106.00 price target (up from $98.00) on shares of Nordson Corp. in a report on Thursday, August 25th. Seaport Global Securities upped their price target on Nordson Corp. from $99.00 to $115.00 in a report on Wednesday, August 24th. Finally, SunTrust Banks Inc. upped their price target on Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th.
Shares of Nordson Corp. (NASDAQ:NDSN) opened at 107.42 on Tuesday. The firm has a 50-day moving average price of $100.10 and a 200-day moving average price of $91.35. The company has a market capitalization of $6.14 billion, a PE ratio of 25.32 and a beta of 1.28. Nordson Corp. has a 1-year low of $51.89 and a 1-year high of $108.69.
Nordson Corp. (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, August 22nd. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. Nordson Corp. had a return on equity of 34.16% and a net margin of 14.07%. The company earned $489.89 million during the quarter. During the same quarter last year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Nordson Corp. will post $4.51 earnings per share for the current year.
In other Nordson Corp. news, insider Gregory A. Thaxton sold 8,121 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $99.00, for a total value of $803,979.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Douglas C. Bloomfield sold 3,532 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $99.00, for a total value of $349,668.00. The disclosure for this sale can be found here. 2.16% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. GW&K Investment Management LLC raised its position in Nordson Corp. by 18.0% in the second quarter. GW&K Investment Management LLC now owns 115,782 shares of the company’s stock worth $9,681,000 after buying an additional 17,656 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Nordson Corp. by 3,576.1% in the second quarter. BNP Paribas Arbitrage SA now owns 21,248 shares of the company’s stock worth $1,777,000 after buying an additional 20,670 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in Nordson Corp. during the first quarter worth approximately $329,000. Squarepoint Ops LLC raised its position in Nordson Corp. by 218.6% in the first quarter. Squarepoint Ops LLC now owns 17,371 shares of the company’s stock worth $1,321,000 after buying an additional 11,919 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Nordson Corp. by 2.6% in the first quarter. Arizona State Retirement System now owns 27,579 shares of the company’s stock worth $2,097,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 64.91% of the company’s stock.
About Nordson Corp.
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