KeyCorp reiterated their buy rating on shares of Nordson Corporation (NASDAQ:NDSN) in a research note released on Sunday morning. KeyCorp currently has a $145.00 price objective on the industrial products company’s stock.
NDSN has been the subject of several other reports. Robert W. Baird reissued a hold rating and issued a $138.00 price target on shares of Nordson Corporation in a report on Wednesday, October 4th. FBR & Co set a $160.00 price target on Nordson Corporation and gave the company a buy rating in a report on Monday, September 11th. BidaskClub cut Nordson Corporation from a strong-buy rating to a buy rating in a report on Friday, August 18th. B. Riley reissued a buy rating on shares of Nordson Corporation in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Nordson Corporation from a sell rating to a hold rating in a report on Friday, September 22nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Nordson Corporation currently has a consensus rating of Buy and an average target price of $140.33.
Shares of Nordson Corporation (NASDAQ:NDSN) opened at $128.18 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $7,350.00, a P/E ratio of 23.55, a PEG ratio of 1.46 and a beta of 1.40. Nordson Corporation has a 1-year low of $103.76 and a 1-year high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.66 by $0.12. The business had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. sell-side analysts anticipate that Nordson Corporation will post 5.32 earnings per share for the current fiscal year.
In related news, VP James E. Devries sold 5,000 shares of the firm’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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.15% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC purchased a new position in Nordson Corporation during the second quarter worth $158,781,000. Atlanta Capital Management Co. L L C increased its position in Nordson Corporation by 91.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after buying an additional 848,006 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Nordson Corporation during the second quarter worth $75,388,000. Koch Industries Inc. purchased a new position in Nordson Corporation during the second quarter worth $425,000. Finally, Principal Financial Group Inc. increased its position in Nordson Corporation by 93.9% during the second quarter. Principal Financial Group Inc. now owns 773,058 shares of the industrial products company’s stock worth $93,786,000 after buying an additional 374,363 shares in the last quarter. 67.26% of the stock is owned by hedge funds and other institutional investors.
About Nordson Corporation
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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