Analysts Set Nordson Co. (NASDAQ:NDSN) Price Target at $279.00

Nordson Co. (NASDAQ:NDSN) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $279.00.

Several analysts recently issued reports on NDSN shares. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday. Finally, Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday.

Insider Activity

In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,629 shares of company stock worth $914,400 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Nordson

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Nordson during the 2nd quarter worth approximately $27,000. Tortoise Investment Management LLC boosted its holdings in Nordson by 70.7% in the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. increased its stake in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Nordson during the second quarter worth $46,000. Finally, UMB Bank n.a. lifted its position in shares of Nordson by 2,387.5% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock worth $46,000 after buying an additional 191 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Nordson stock opened at $224.04 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. Nordson has a 12 month low of $222.18 and a 12 month high of $279.38. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. The stock’s 50-day moving average is $253.42 and its 200-day moving average is $245.88.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The firm had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. During the same period in the previous year, the company posted $2.46 earnings per share. Nordson’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Nordson will post 10.35 earnings per share for the current year.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.