Nordson (NDSN) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Nordson (NASDAQ:NDSN) from a hold rating to a buy rating in a research report report published on Saturday.

NDSN has been the subject of several other reports. Robert W. Baird reissued a neutral rating on shares of Nordson in a research report on Friday, February 23rd. B. Riley set a $175.00 target price on shares of Nordson and gave the stock a buy rating in a research report on Friday, February 23rd. KeyCorp reissued a buy rating and set a $165.00 target price (up from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. Barrington Research reissued a market perform rating on shares of Nordson in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of Nordson from a hold rating to a buy rating in a research report on Friday, April 13th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Nordson has a consensus rating of Buy and an average price target of $154.30.

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NASDAQ:NDSN opened at $139.85 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.52 and a debt-to-equity ratio of 0.97. The stock has a market cap of $8,107.52, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.28. Nordson has a one year low of $107.16 and a one year high of $151.84.

Nordson (NASDAQ:NDSN) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.34 by $0.01. The company had revenue of $550.42 million during the quarter, compared to the consensus estimate of $538.21 million. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. equities analysts predict that Nordson will post 6.33 earnings per share for the current fiscal year.

In other Nordson news, CEO Michael F. Hilton sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $137.11, for a total value of $6,855,500.00. Following the completion of the sale, the chief executive officer now directly owns 225,774 shares of the company’s stock, valued at approximately $30,955,873.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael F. Hilton sold 55,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the completion of the sale, the chief executive officer now directly owns 241,274 shares of the company’s stock, valued at $33,339,241.32. The disclosure for this sale can be found here. Corporate insiders own 2.01% of the company’s stock.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Nordson by 0.9% in the fourth quarter. BlackRock Inc. now owns 4,311,022 shares of the industrial products company’s stock valued at $631,134,000 after acquiring an additional 38,879 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Nordson by 2.4% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,818,852 shares of the industrial products company’s stock valued at $266,280,000 after acquiring an additional 42,138 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in Nordson by 0.8% in the fourth quarter. Champlain Investment Partners LLC now owns 974,340 shares of the industrial products company’s stock valued at $142,643,000 after acquiring an additional 7,555 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Nordson by 107.7% in the fourth quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock valued at $142,053,000 after acquiring an additional 503,093 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Nordson by 13.9% in the fourth quarter. Keybank National Association OH now owns 821,173 shares of the industrial products company’s stock valued at $120,220,000 after acquiring an additional 100,288 shares during the last quarter. 66.70% of the stock is owned by institutional investors and hedge funds.

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About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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