Nordson Co. (NASDAQ:NDSN) Receives $279.00 Consensus Target Price from Analysts

Nordson Co. (NASDAQ:NDSN) has been given a consensus rating of “Hold” by the five brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $279.00.

Several research firms have commented on NDSN. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research note on Friday. Finally, DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday.

Insider Transactions at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at $2,164,576.82. This represents a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock valued at $914,400 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

Institutional Trading of Nordson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NDSN. Massachusetts Financial Services Co. MA raised its holdings in Nordson by 289.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after acquiring an additional 193,421 shares during the last quarter. State Street Corp increased its stake in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the last quarter. International Assets Investment Management LLC lifted its position in Nordson by 26,109.1% during the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Nordson by 2.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after buying an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Nordson by 71.0% in the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock valued at $41,386,000 after buying an additional 65,436 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Down 1.1 %

NASDAQ:NDSN opened at $224.04 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The firm has a market cap of $12.81 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. The stock has a fifty day moving average price of $253.42 and a 200 day moving average price of $245.88. Nordson has a 12-month low of $222.18 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a return on equity of 20.12% and a net margin of 17.37%. Nordson’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. Sell-side analysts anticipate that Nordson will post 10.35 earnings per share for the current fiscal year.

Nordson Company Profile

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.