Nordson (NASDAQ:NDSN)‘s stock had its “neutral” rating reiterated by equities research analysts at Robert W. Baird in a research report issued on Friday.
NDSN has been the subject of several other research reports. SunTrust Banks reiterated a “buy” rating and issued a $135.00 price objective on shares of Nordson in a research note on Friday, October 27th. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. B. Riley reiterated a “buy” rating and issued a $160.00 price objective on shares of Nordson in a research note on Wednesday, December 13th. BidaskClub cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, KeyCorp reiterated a “buy” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $151.40.
Shares of Nordson (NDSN) traded down $4.86 during trading on Friday, reaching $136.55. 743,031 shares of the company’s stock traded hands, compared to its average volume of 242,405. Nordson has a twelve month low of $107.16 and a twelve month high of $151.84. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The firm has a market cap of $8,174.90, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30.
In other news, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph P. Keithley sold 1,518 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $149.89, for a total transaction of $227,533.02. The disclosure for this sale can be found here. Insiders sold a total of 84,597 shares of company stock valued at $12,623,580 over the last 90 days. Corporate insiders own 2.01% of the company’s stock.
Several large investors have recently modified their holdings of NDSN. TimesSquare Capital Management LLC raised its position in shares of Nordson by 85.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock valued at $136,453,000 after buying an additional 530,100 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Nordson by 107.7% during the 4th quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock valued at $142,053,000 after purchasing an additional 503,093 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Nordson by 75.1% during the 4th quarter. Schroder Investment Management Group now owns 484,365 shares of the industrial products company’s stock valued at $70,910,000 after purchasing an additional 207,792 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Nordson by 3,862.1% during the 3rd quarter. Brown Advisory Inc. now owns 189,944 shares of the industrial products company’s stock valued at $22,509,000 after purchasing an additional 185,150 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Nordson during the 4th quarter valued at approximately $17,035,000. Institutional investors own 66.96% of the company’s stock.
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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.
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