Nordson Co. (NASDAQ:NDSN) Given Consensus Rating of “Moderate Buy” by Analysts

Nordson Co. (NASDAQ:NDSN) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $278.00.

Several analysts have weighed in on NDSN shares. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. DA Davidson raised their price objective on Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Company upped their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd.

Nordson Trading Up 0.5 %

NASDAQ NDSN opened at $272.06 on Wednesday. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.19. Nordson has a one year low of $208.90 and a one year high of $278.00. The company’s 50-day simple moving average is $265.98 and its two-hundred day simple moving average is $252.66.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. During the same quarter in the prior year, the company posted $1.95 earnings per share. Nordson’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts forecast that Nordson will post 10.2 EPS for the current fiscal year.

Institutional Trading of Nordson

Large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its stake in Nordson by 10.0% during the first quarter. Inspire Investing LLC now owns 7,607 shares of the industrial products company’s stock worth $2,088,000 after acquiring an additional 689 shares during the last quarter. Swiss National Bank grew its stake in shares of Nordson by 1.1% in the first quarter. Swiss National Bank now owns 162,200 shares of the industrial products company’s stock worth $44,530,000 after acquiring an additional 1,800 shares in the last quarter. SG Americas Securities LLC grew its stake in Nordson by 80.8% during the 1st quarter. SG Americas Securities LLC now owns 5,680 shares of the industrial products company’s stock worth $1,559,000 after purchasing an additional 2,539 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Nordson by 6.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,332 shares of the industrial products company’s stock valued at $1,738,000 after acquiring an additional 405 shares in the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of Nordson by 5.8% in the 1st quarter. Empirical Finance LLC now owns 1,226 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 67 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.