Shares of Nordson Corporation (NASDAQ:NDSN) have been assigned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $140.33.

A number of analysts have commented on NDSN shares. Zacks Investment Research lowered Nordson from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. SunTrust Banks reissued a “buy” rating and issued a $135.00 target price on shares of Nordson in a report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and issued a $128.00 target price on shares of Nordson in a report on Thursday, August 24th. KeyCorp reissued a “buy” rating and issued a $145.00 target price on shares of Nordson in a report on Thursday, October 12th. Finally, Gabelli raised Nordson from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, August 23rd.

Nordson (NDSN) traded down $1.04 during trading on Friday, hitting $127.52. The company’s stock had a trading volume of 172,059 shares, compared to its average volume of 295,576. The company has a market cap of $7,416.92, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.40. Nordson has a twelve month low of $103.76 and a twelve month high of $131.49. The company has a current ratio of 2.10, a quick ratio of 1.47 and a debt-to-equity ratio of 1.45.

In related news, VP James E. Devries sold 5,000 shares of Nordson stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the sale, the vice president now owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.15% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NDSN. AQR Capital Management LLC grew its holdings in shares of Nordson by 1.8% in the first quarter. AQR Capital Management LLC now owns 9,127 shares of the industrial products company’s stock worth $1,121,000 after acquiring an additional 161 shares during the period. Bank of Montreal Can grew its holdings in shares of Nordson by 8.9% in the second quarter. Bank of Montreal Can now owns 13,753 shares of the industrial products company’s stock worth $1,667,000 after acquiring an additional 1,120 shares during the period. US Bancorp DE grew its holdings in shares of Nordson by 4.5% in the second quarter. US Bancorp DE now owns 7,610 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 326 shares during the period. Strs Ohio bought a new stake in shares of Nordson in the second quarter worth $6,672,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Nordson by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 23,903 shares of the industrial products company’s stock worth $2,900,000 after acquiring an additional 2,179 shares during the period. 65.76% of the stock is owned by institutional investors.

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Nordson 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 (NASDAQ:NDSN)

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