Nordson's (NDSN) Neutral Rating Reaffirmed at Robert W. Baird

Nordson (NASDAQ:NDSN - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a $237.00 price target on the industrial products company's stock, down from their prior price target of $294.00. Robert W. Baird's price target suggests a potential upside of 4.65% from the stock's current price.

Nordson Trading Down 1.2 %

Shares of NDSN stock traded down $2.65 on Friday, reaching $226.46. The company had a trading volume of 710,132 shares, compared to its average volume of 239,683. The stock has a market cap of $12.95 billion, a PE ratio of 27.88, a PEG ratio of 1.85 and a beta of 0.90. The company has a 50-day moving average of $254.50 and a 200-day moving average of $245.81. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. Nordson has a 12 month low of $222.18 and a 12 month high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The business had revenue of $744.00 million during the quarter, compared to analysts' expectations of $736.83 million. During the same quarter in the prior year, the company earned $2.46 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Nordson will post 10.35 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Nordson

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