Nordson’s (NDSN) “Neutral” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Nordson (NASDAQ:NDSN) in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has a $237.00 target price on the industrial products company’s stock, down from their previous target price of $294.00.

Nordson Trading Down 1.2 %

Nordson stock opened at $226.46 on Friday. Nordson has a 52 week low of $222.18 and a 52 week high of $279.38. The stock has a 50-day moving average price of $253.99 and a 200 day moving average price of $245.73. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. During the same period in the prior year, the firm earned $2.46 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Nordson will post 10.35 EPS for the current year.

Insider Buying and Selling at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at $2,164,576.82. The trade was a 25.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,629 shares of company stock worth $914,400. Insiders own 0.86% of the company’s stock.

Institutional Trading of Nordson

Institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Nordson by 289.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock worth $60,377,000 after buying an additional 193,421 shares in the last quarter. State Street Corp increased its holdings in shares of Nordson by 7.2% during the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after buying an additional 177,282 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Nordson by 26,109.1% during the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after buying an additional 103,653 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Nordson by 2.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock valued at $601,032,000 after acquiring an additional 68,810 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in Nordson by 71.0% in the third quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after acquiring an additional 65,436 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.