Nordson (NDSN) Receives “Hold” Rating from Oppenheimer
Nordson (NASDAQ:NDSN)‘s stock had its “hold” rating reaffirmed by stock analysts at Oppenheimer in a research report issued to clients and investors on Thursday.
A number of other research firms also recently weighed in on NDSN. SunTrust Banks restated a “buy” rating and issued a $135.00 price target on shares of Nordson in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a research note on Thursday. KeyCorp restated a “buy” rating and issued a $145.00 price target on shares of Nordson in a research note on Sunday, November 19th. B. Riley restated a “buy” rating on shares of Nordson in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Nordson presently has an average rating of “Buy” and a consensus price target of $142.30.
Shares of Nordson (NASDAQ NDSN) traded up $2.69 during trading on Thursday, reaching $126.91. 649,100 shares of the company’s stock were exchanged, compared to its average volume of 295,133. The firm has a market capitalization of $7,166.54, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.47. Nordson has a 12-month low of $107.16 and a 12-month high of $131.49.
In related news, VP James E. Devries sold 5,000 shares of Nordson stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.01, for a total transaction of $590,050.00. Following the sale, the vice president now directly owns 41,937 shares in the company, valued at approximately $4,948,985.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.15% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware bought a new stake in shares of Nordson in the 2nd quarter valued at $104,000. D.A. Davidson & CO. increased its stake in shares of Nordson by 2.3% in the 2nd 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 in the last quarter. IFP Advisors Inc increased its stake in Nordson by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares in the last quarter. Quantbot Technologies LP increased its stake in Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Opus Capital Group LLC bought a new stake in Nordson during the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 65.76% of the company’s stock.
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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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