Nordson Co. (NASDAQ:NDSN) Receives Average Rating of "Hold" from Brokerages

Shares of Nordson Co. (NASDAQ:NDSN - Get Free Report) have received a consensus recommendation of "Hold" from the five brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $279.00.

NDSN has been the topic of a number of research reports. Robert W. Baird reissued a "neutral" rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, DA Davidson decreased their target price on Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares in the company, valued at $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 sold 3,629 shares of company stock valued at $914,400 in the last ninety days. Company insiders own 0.86% of the company's stock.

Institutional Trading of Nordson

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

Nordson Stock Down 1.2 %

NASDAQ:NDSN traded down $2.65 during mid-day trading on Friday, reaching $226.46. The stock had a trading volume of 720,284 shares, compared to its average volume of 239,897. The stock's 50 day simple moving average is $253.99 and its two-hundred day simple moving average is $245.73. Nordson has a 1-year low of $222.18 and a 1-year high of $279.38. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 20.12% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same quarter last year, the firm earned $2.46 EPS. The business's revenue was up 3.5% on a year-over-year basis. Equities analysts anticipate that Nordson will post 10.35 EPS for the current 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.