Nordson Co. (NASDAQ:NDSN) has received an average recommendation of “Buy” from the twelve ratings firms that are covering the stock. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $113.86.
NDSN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Nordson from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday. Barrington Research upped their target price on shares of Nordson from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. KeyCorp upgraded shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $135.00 price target on the stock in a report on Tuesday, February 14th. Finally, Seaport Global Securities upgraded shares of Nordson from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st.
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Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, February 20th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $407 million for the quarter, compared to analysts’ expectations of $396.78 million. Nordson had a net margin of 15.03% and a return on equity of 35.20%. During the same period in the prior year, the company earned $0.61 EPS. Equities research analysts anticipate that Nordson will post $5.34 EPS for the current fiscal year.
In related news, insider John J. Keane sold 23,600 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $123.88, for a total transaction of $2,923,568.00. Following the completion of the sale, the insider now owns 81,086 shares of the company’s stock, valued at $10,044,933.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.15% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in Nordson during the fourth quarter worth about $111,000. Advisor Group Inc. boosted its position in Nordson by 4.8% in the third quarter. Advisor Group Inc. now owns 1,341 shares of the industrial products company’s stock worth $134,000 after buying an additional 61 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Nordson by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the industrial products company’s stock worth $164,000 after buying an additional 435 shares in the last quarter. Pacad Investment Ltd. boosted its position in Nordson by 14.3% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the industrial products company’s stock worth $179,000 after buying an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Nordson by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,884 shares of the industrial products company’s stock worth $188,000 after buying an additional 209 shares in the last quarter. 64.61% of the stock is owned by institutional investors and hedge funds.
Nordson Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
