Nordson (NASDAQ:NDSN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday, BidAskClub reports.

A number of other research firms also recently weighed in on NDSN. Oppenheimer boosted their price target on shares of Nordson from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of Nordson from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Nordson presently has a consensus rating of “Hold” and a consensus target price of $143.00.

Shares of NASDAQ NDSN opened at $133.86 on Wednesday. Nordson has a 1-year low of $110.16 and a 1-year high of $149.23. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a quick ratio of 1.84, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.06). Nordson had a return on equity of 23.01% and a net margin of 14.59%. The company had revenue of $551.00 million during the quarter, compared to the consensus estimate of $558.34 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Nordson will post 6.34 earnings per share for the current year.

In related news, insider Shelly Peet sold 11,600 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $133.16, for a total transaction of $1,544,656.00. Following the completion of the transaction, the insider now owns 29,296 shares in the company, valued at $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 business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $132.69, for a total transaction of $5,825,091.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,560 shares of company stock valued at $9,831,639. 1.97% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional acquired a new position in Nordson during the first quarter valued at approximately $30,000. Legal & General Group Plc grew its holdings in Nordson by 1.9% during the fourth quarter. Legal & General Group Plc now owns 155,666 shares of the industrial products company’s stock valued at $18,578,000 after purchasing an additional 2,902 shares during the period. Rhumbline Advisers grew its holdings in Nordson by 28.3% during the fourth quarter. Rhumbline Advisers now owns 142,656 shares of the industrial products company’s stock valued at $17,026,000 after purchasing an additional 31,468 shares during the period. Bahl & Gaynor Inc. grew its holdings in Nordson by 24.8% during the fourth quarter. Bahl & Gaynor Inc. now owns 45,775 shares of the industrial products company’s stock valued at $5,463,000 after purchasing an additional 9,104 shares during the period. Finally, Vanguard Group Inc grew its holdings in Nordson by 2.3% during the third quarter. Vanguard Group Inc now owns 5,024,905 shares of the industrial products company’s stock valued at $697,959,000 after purchasing an additional 113,574 shares during the period. Hedge funds and other institutional investors own 70.50% of the company’s stock.

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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