Shares of Nordson Co. (NASDAQ:NDSN) have been given an average recommendation of “Hold” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $140.00.

Several research analysts have recently weighed in on NDSN shares. CIBC upgraded Nordson from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating in a research note on Monday, December 17th. BidaskClub upgraded Nordson from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Gabelli restated a “hold” rating on shares of Nordson in a research note on Tuesday, December 18th. Finally, ValuEngine upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th.

In other Nordson news, insider Shelly Peet sold 11,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $133.16, for a total value of $1,544,656.00. Following the completion of the transaction, the insider now owns 29,296 shares in the company, valued at approximately $3,901,055.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Keane sold 43,900 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $132.69, for a total value of $5,825,091.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,560 shares of company stock valued at $9,831,639. 1.97% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Nordson by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,024,905 shares of the industrial products company’s stock valued at $697,959,000 after acquiring an additional 113,574 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Nordson by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 5,024,905 shares of the industrial products company’s stock valued at $697,959,000 after acquiring an additional 113,574 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Nordson by 1.4% in the 4th quarter. BlackRock Inc. now owns 4,705,381 shares of the industrial products company’s stock valued at $561,588,000 after acquiring an additional 65,764 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Nordson by 6.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,423,478 shares of the industrial products company’s stock valued at $527,942,000 after acquiring an additional 279,766 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Nordson by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 875,191 shares of the industrial products company’s stock valued at $104,454,000 after acquiring an additional 13,699 shares in the last quarter. 70.16% of the stock is currently owned by hedge funds and other institutional investors.

NDSN stock opened at $144.09 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The firm has a market cap of $8.11 billion, a PE ratio of 24.26, a PEG ratio of 1.76 and a beta of 1.11. Nordson has a fifty-two week low of $110.16 and a fifty-two week high of $146.84.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.21). The firm had revenue of $497.91 million for the quarter, compared to the consensus estimate of $497.99 million. Nordson had a return on equity of 23.01% and a net margin of 14.59%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. On average, equities analysts forecast that Nordson will post 6.36 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. 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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