Nordson Corporation (NASDAQ:NDSN) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on NDSN. Zacks Investment Research downgraded Nordson Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, April 22nd. Wells Fargo & Company reiterated a “market perform” rating and set a $130.00 price objective (up from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating on shares of Nordson Corporation in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Nordson Corporation presently has a consensus rating of “Buy” and an average price target of $115.50.

Nordson Corporation (NDSN) traded down 0.85% during trading on Friday, reaching $124.13. 261,181 shares of the company traded hands. Nordson Corporation has a 52 week low of $90.14 and a 52 week high of $131.49. The company’s 50-day moving average price is $124.72 and its 200 day moving average price is $122.37. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 26.17 and a beta of 1.35.

Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The business had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. On average, equities research analysts expect that Nordson Corporation will post $5.40 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Nordson Corporation (NDSN) Lowered to “Buy” at BidaskClub” was reported by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/18/nordson-corporation-ndsn-lowered-to-buy-at-bidaskclub.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of NDSN. IFP Advisors Inc increased its position in Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares during the last quarter. D.A. Davidson & CO. increased its position in Nordson Corporation by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares during the last quarter. Toronto Dominion Bank increased its position in Nordson Corporation by 1.1% in the first quarter. Toronto Dominion Bank now owns 3,488 shares of the industrial products company’s stock valued at $429,000 after buying an additional 38 shares during the last quarter. Capstone Asset Management Co. increased its position in Nordson Corporation by 0.6% in the second quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock valued at $799,000 after buying an additional 40 shares during the last quarter. Finally, Albert D Mason Inc. increased its position in Nordson Corporation by 0.9% in the first quarter. Albert D Mason Inc. now owns 6,498 shares of the industrial products company’s stock valued at $798,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 66.43% of the company’s stock.

Nordson Corporation 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.

Analyst Recommendations for Nordson Corporation (NASDAQ:NDSN)

Receive News & Ratings for Nordson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corporation and related companies with MarketBeat.com's FREE daily email newsletter.