Nordson Co. (NASDAQ:NDSN) Given Average Rating of “Hold” by Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have received an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $139.60.

NDSN has been the subject of several recent research reports. Oppenheimer boosted their price target on Nordson from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Zacks Investment Research lowered Nordson from a “hold” rating to a “sell” rating and set a $148.00 price target for the company. in a report on Monday, July 1st. ValuEngine raised Nordson from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

In other news, Director Mary G. Puma sold 998 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total value of $127,624.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael F. Hilton sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $128.06, for a total value of $768,360.00. Following the completion of the transaction, the chief executive officer now directly owns 224,455 shares of the company’s stock, valued at approximately $28,743,707.30. The disclosure for this sale can be found here. Insiders have sold 12,609 shares of company stock valued at $1,677,648 in the last three months. 1.97% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Nordson by 19.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 433,004 shares of the industrial products company’s stock worth $51,677,000 after purchasing an additional 71,786 shares during the last quarter. Two Sigma Investments LP bought a new stake in Nordson in the fourth quarter valued at approximately $227,000. Two Sigma Advisers LP boosted its holdings in Nordson by 299.2% in the fourth quarter. Two Sigma Advisers LP now owns 12,937 shares of the industrial products company’s stock valued at $1,544,000 after acquiring an additional 9,696 shares during the last quarter. Bank of America Corp DE boosted its holdings in Nordson by 4.5% in the fourth quarter. Bank of America Corp DE now owns 173,990 shares of the industrial products company’s stock valued at $20,766,000 after acquiring an additional 7,461 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Nordson by 20.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 12,335 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 2,113 shares during the last quarter. 68.78% of the stock is owned by hedge funds and other institutional investors.

Shares of NDSN traded down $3.13 during trading hours on Thursday, hitting $138.53. The stock had a trading volume of 147,043 shares, compared to its average volume of 198,672. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.16 and a quick ratio of 1.53. Nordson has a 12 month low of $110.16 and a 12 month high of $149.23. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.66 and a beta of 1.24. The firm has a fifty day moving average price of $137.70.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $1.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.06). Nordson had a return on equity of 22.46% and a net margin of 14.64%. The firm had revenue of $551.00 million during the quarter, compared to the consensus estimate of $558.34 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue was down .5% on a year-over-year basis. As a group, analysts forecast that Nordson will post 6.15 EPS for the current fiscal year.

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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Analyst Recommendations for Nordson (NASDAQ:NDSN)

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