KeyCorp reissued their buy rating on shares of Nordson (NASDAQ:NDSN) in a research note issued to investors on Sunday, November 19th. The firm currently has a $145.00 target price on the industrial products company’s stock.
A number of other research analysts also recently issued reports on NDSN. B. Riley reissued a buy rating on shares of Nordson in a report on Wednesday, November 1st. BidaskClub downgraded Nordson from a strong-buy rating to a buy rating in a report on Friday, August 18th. Zacks Investment Research raised Nordson from a sell rating to a hold rating in a report on Friday, September 22nd. Longbow Research raised Nordson from a neutral rating to a buy rating and set a $140.00 price target for the company in a report on Wednesday, September 20th. Finally, Gabelli raised Nordson from a hold rating to a buy rating and set a $140.00 price target for the company in a report on Wednesday, August 23rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Nordson currently has a consensus rating of Buy and a consensus target price of $140.33.
Shares of Nordson (NASDAQ:NDSN) traded down $1.04 during midday trading on Friday, reaching $127.52. The company had a trading volume of 172,059 shares, compared to its average volume of 295,576. The stock has a market capitalization of $7,416.92, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.48 and a beta of 1.40. Nordson has a 52-week low of $103.76 and a 52-week high of $131.49. The company has a current ratio of 2.10, a quick ratio of 1.47 and a debt-to-equity ratio of 1.45.
In other news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.01, for a total transaction of $590,050.00. Following the completion of the transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.15% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NDSN. Mckinley Capital Management LLC Delaware acquired a new position in Nordson in the 2nd quarter valued at $104,000. Financial Architects Inc raised its stake in Nordson by 12.1% in the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 100 shares during the last quarter. D.A. Davidson & CO. raised its stake in Nordson by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 22 shares during the last quarter. IFP Advisors Inc raised its stake in Nordson by 1.5% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Nordson by 1,168.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,507 shares during the last quarter. 65.76% of the stock is owned by hedge funds and other institutional investors.
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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.
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