Nordson (NASDAQ:NDSN) Coverage Initiated at Wolfe Research

Investment analysts at Wolfe Research began coverage on shares of Nordson (NASDAQ:NDSN - Get Free Report) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set a "peer perform" rating on the industrial products company's stock.

A number of other analysts also recently issued reports on NDSN. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Vertical Research initiated coverage on Nordson in a research report on Tuesday. They issued a "hold" rating and a $245.00 target price on the stock. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a report on Monday, February 24th. Robert W. Baird upped their price objective on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Finally, KeyCorp reduced their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus price target of $252.00.

Nordson Price Performance

Shares of Nordson stock opened at $214.12 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. Nordson has a 52 week low of $165.03 and a 52 week high of $266.86. The stock's 50-day simple moving average is $197.98 and its 200-day simple moving average is $208.03. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.68 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. The business had revenue of $682.94 million during the quarter, compared to the consensus estimate of $671.36 million. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 EPS. As a group, analysts expect that Nordson will post 10.2 earnings per share for the current fiscal year.

Institutional Trading of Nordson

Several institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in Nordson during the 4th quarter valued at $372,000. Ossiam raised its holdings in shares of Nordson by 60.1% in the fourth quarter. Ossiam now owns 5,011 shares of the industrial products company's stock valued at $1,049,000 after acquiring an additional 1,881 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Nordson by 27.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,220 shares of the industrial products company's stock worth $2,557,000 after acquiring an additional 2,638 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Nordson by 9.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company's stock worth $958,000 after acquiring an additional 414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Nordson by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,710 shares of the industrial products company's stock valued at $96,190,000 after purchasing an additional 7,355 shares during the period. Institutional investors own 72.11% of the company's stock.

About Nordson

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.

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