Nordson (NASDAQ:NDSN) Upgraded at Wall Street Zen

Nordson (NASDAQ:NDSN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other equities research analysts have also commented on NDSN. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating and set a $240.00 price objective on shares of Nordson in a research note on Thursday, August 21st. DA Davidson set a $285.00 price objective on shares of Nordson in a research note on Tuesday, October 21st. Robert W. Baird boosted their target price on shares of Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Finally, Oppenheimer upped their price target on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.75.

Nordson Price Performance

Shares of NDSN opened at $237.67 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. The company’s fifty day moving average price is $231.97 and its 200-day moving average price is $221.67. Nordson has a 1-year low of $165.03 and a 1-year high of $261.39. The firm has a market capitalization of $13.35 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. The company had revenue of $646.86 million during the quarter. Nordson had a return on equity of 19.45% and a net margin of 16.34%. On average, equities research analysts predict that Nordson will post 10.2 EPS for the current year.

Insiders Place Their Bets

In other Nordson news, EVP James E. Devries sold 9,100 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $233.60, for a total value of $2,125,760.00. Following the completion of the transaction, the executive vice president owned 51,223 shares in the company, valued at approximately $11,965,692.80. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph P. Kelley sold 2,300 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $232.39, for a total transaction of $534,497.00. Following the sale, the executive vice president directly owned 8,605 shares in the company, valued at approximately $1,999,715.95. The trade was a 21.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,600 shares of company stock valued at $3,188,257 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NDSN. Vanguard Group Inc. lifted its position in shares of Nordson by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,200,937 shares of the industrial products company’s stock valued at $1,329,295,000 after buying an additional 22,090 shares in the last quarter. State Street Corp raised its position in Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after acquiring an additional 133,229 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Nordson by 3.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock valued at $540,867,000 after purchasing an additional 90,704 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Nordson by 4.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,068,214 shares of the industrial products company’s stock valued at $228,993,000 after purchasing an additional 48,556 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Nordson by 15.9% during the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock worth $210,536,000 after purchasing an additional 142,991 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

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.