Nordson (NDSN) Rating Lowered to Hold at BidaskClub

Nordson (NASDAQ:NDSN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently weighed in on NDSN. Barrington Research reaffirmed a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and issued a $165.00 target price (up from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. SunTrust Banks lifted their target price on Nordson to $166.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Gabelli downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.40.

Nordson (NDSN) opened at $150.10 on Thursday. The firm has a market capitalization of $8,670.00, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. Nordson has a 52-week low of $107.16 and a 52-week high of $151.84.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.05. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. Nordson’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. equities research analysts anticipate that Nordson will post 6.28 earnings per share for the current year.

In other news, CEO Michael F. Hilton sold 12,142 shares of Nordson stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $149.98, for a total value of $1,821,057.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory A. Thaxton sold 3,868 shares of Nordson stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $148.28, for a total value of $573,547.04. The disclosure for this sale can be found here. Insiders sold a total of 84,597 shares of company stock valued at $12,623,580 in the last quarter. Company insiders own 2.15% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware purchased a new stake in Nordson during the second quarter worth approximately $104,000. D.A. Davidson & CO. lifted its stake in Nordson by 2.3% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 22 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new stake in Nordson during the fourth quarter worth approximately $234,000. Quantbot Technologies LP lifted its stake in Nordson by 1,168.2% during the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new stake in Nordson during the third quarter worth approximately $240,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.

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Nordson 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 (NASDAQ:NDSN)

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