Nordson Corporation’s (NDSN) Buy Rating Reaffirmed at KeyCorp
KeyCorp reissued their buy rating on shares of Nordson Corporation (NASDAQ:NDSN) in a research note issued to investors on Sunday morning. They currently have a $145.00 price objective on the industrial products company’s stock.
Several other equities analysts have also recently issued reports on NDSN. Zacks Investment Research cut shares of Nordson Corporation from a hold rating to a sell rating in a research note on Thursday, August 24th. SunTrust Banks, Inc. reissued a buy rating and issued a $135.00 price objective on shares of Nordson Corporation in a research note on Friday, October 27th. Robert W. Baird reissued a hold rating and issued a $128.00 price objective on shares of Nordson Corporation in a research note on Thursday, August 24th. BidaskClub raised shares of Nordson Corporation from a buy rating to a strong-buy rating in a research note on Friday, August 4th. Finally, Gabelli raised shares of Nordson Corporation from a hold rating to a buy rating and set a $140.00 price objective on the stock in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $140.33.
Shares of Nordson Corporation (NASDAQ NDSN) traded up $0.78 during trading on Friday, hitting $126.68. 127,900 shares of the stock were exchanged, compared to its average volume of 301,331. The firm has a market cap of $7,308.46, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.46 and a beta of 1.40. Nordson Corporation has a fifty-two week low of $103.76 and a fifty-two week high of $131.49. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.
Nordson Corporation (NASDAQ:NDSN) last announced its earnings results on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The company’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. equities analysts expect that Nordson Corporation will post 5.32 EPS for the current year.
In other news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.15% of the company’s stock.
Several large investors have recently bought and sold shares of NDSN. Mckinley Capital Management LLC Delaware acquired a new position in shares of Nordson Corporation during the 2nd quarter worth $104,000. Financial Architects Inc grew its stake in shares of Nordson Corporation by 12.1% during the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 100 shares during the period. D.A. Davidson & CO. grew its stake in shares of Nordson Corporation by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 22 shares during the period. IFP Advisors Inc boosted its position in shares of Nordson Corporation by 1.5% in the 2nd 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 in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Nordson Corporation by 1,168.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,507 shares in the last quarter. 67.26% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Nordson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corporation and related stocks with our FREE daily email newsletter.