Nordson Corporation (NASDAQ:NDSN) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other equities analysts also recently issued reports on NDSN. Zacks Investment Research downgraded Nordson Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird reissued a “hold” rating and set a $128.00 price target on shares of Nordson Corporation in a research report on Thursday. Gabelli raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday. Wells Fargo & Company reissued a “market perform” rating and set a $130.00 price target (up previously from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Finally, FBR & Co reissued an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $123.38.

Nordson Corporation (NASDAQ:NDSN) traded down 0.27% during midday trading on Friday, reaching $108.28. 101,010 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $123.94 and a 200-day moving average of $122.42. The stock has a market cap of $6.25 billion, a PE ratio of 21.53 and a beta of 1.35. Nordson Corporation has a 12 month low of $94.56 and a 12 month high of $131.49.

Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. During the same quarter in the prior year, the company earned $1.67 EPS. The business’s revenue was up 20.3% compared to the same quarter last year. On average, equities research analysts predict that Nordson Corporation will post $5.32 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after buying an additional 21 shares during the period. D.A. Davidson & CO. boosted its stake in Nordson Corporation by 2.3% in the second 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. Toronto Dominion Bank boosted its stake in Nordson Corporation by 1.1% in the first quarter. Toronto Dominion Bank now owns 3,488 shares of the industrial products company’s stock worth $429,000 after buying an additional 38 shares during the period. Capstone Asset Management Co. boosted its stake in Nordson Corporation by 0.6% in the second 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. Finally, Albert D Mason Inc. boosted its stake in Nordson Corporation by 0.9% in the first quarter. Albert D Mason Inc. now owns 6,498 shares of the industrial products company’s stock worth $798,000 after buying an additional 60 shares during the period. Institutional investors own 66.43% of the company’s stock.

Nordson Corporation Company Profile

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.

Analyst Recommendations for Nordson Corporation (NASDAQ:NDSN)

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