Brokerages Set Nordson Co. (NASDAQ:NDSN) PT at $279.00

Nordson Co. (NASDAQ:NDSN) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $279.00.

A number of research firms recently commented on NDSN. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson dropped their price target on shares of Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Robert W. Baird reissued a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th.

Insider Activity at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,629 shares of company stock worth $914,400. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its stake in Nordson by 61.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after purchasing an additional 11,875 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Nordson by 13.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after acquiring an additional 20,217 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Nordson by 23.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock valued at $84,499,000 after acquiring an additional 61,430 shares in the last quarter. Worldquant Millennium Advisors LLC grew its stake in Nordson by 47.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after acquiring an additional 5,046 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock worth $7,661,000 after acquiring an additional 15,524 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Trading Down 5.0 %

Shares of Nordson stock opened at $212.79 on Friday. The stock has a market capitalization of $12.17 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. Nordson has a 52 week low of $212.33 and a 52 week high of $279.38. The stock has a 50 day moving average price of $252.08 and a two-hundred day moving average price of $245.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $2.46 earnings per share. As a group, equities analysts anticipate that Nordson will post 10.34 earnings per share 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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.