Nordson Corporation (NASDAQ:NDSN)‘s stock had its “buy” rating reissued by research analysts at KeyCorp in a note issued to investors on Thursday. They presently have a $145.00 price target on the industrial products company’s stock. KeyCorp’s target price indicates a potential upside of 18.92% from the company’s current price.

Several other equities research analysts have also commented on NDSN. Robert W. Baird restated a “hold” rating and set a $138.00 target price on shares of Nordson Corporation in a research report on Wednesday, October 4th. BidaskClub downgraded Nordson Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised Nordson Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Longbow Research raised Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, September 20th. Finally, Gabelli raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, August 23rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $141.14.

Nordson Corporation (NASDAQ NDSN) traded down 0.35% during midday trading on Thursday, hitting $121.93. The stock had a trading volume of 257,794 shares. Nordson Corporation has a 52 week low of $95.35 and a 52 week high of $131.49. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 24.25 and a beta of 1.37. The company’s 50 day moving average price is $114.74 and its 200-day moving average price is $120.93.

Nordson Corporation (NASDAQ:NDSN) last announced its 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. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The company had revenue of $589.40 million for the quarter, compared to analyst estimates of $574.20 million. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. Equities analysts anticipate that Nordson Corporation will post $5.32 earnings per share for the current fiscal year.

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In other news, VP James E. Devries sold 5,000 shares of the 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 sale, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.15% of the company’s stock.

Several institutional investors have recently modified their holdings of NDSN. IFP Advisors Inc increased its position in shares of Nordson Corporation by 1.5% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 21 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Nordson Corporation by 2.3% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Nordson Corporation by 0.6% during the second quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock valued at $799,000 after acquiring an additional 40 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Nordson Corporation by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 4,156 shares of the industrial products company’s stock valued at $504,000 after acquiring an additional 72 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Nordson Corporation by 0.8% during the second quarter. State of Wisconsin Investment Board now owns 11,495 shares of the industrial products company’s stock valued at $1,395,000 after acquiring an additional 90 shares during the last quarter. 65.48% of the stock is owned by hedge funds and other institutional investors.

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)

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