Nordson (NASDAQ:NDSN) Coverage Initiated by Analysts at Vertical Research

Investment analysts at Vertical Research started coverage on shares of Nordson (NASDAQ:NDSN - Get Free Report) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set a "hold" rating and a $245.00 price target on the industrial products company's stock. Vertical Research's price objective would indicate a potential upside of 12.18% from the company's previous close.

Several other research firms have also commented on NDSN. KeyCorp reduced their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Robert W. Baird raised their price objective on Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th. Finally, Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Nordson has a consensus rating of "Moderate Buy" and an average price target of $252.00.

Nordson Trading Up 1.9%

Nordson stock opened at $218.39 on Tuesday. Nordson has a 52-week low of $165.03 and a 52-week high of $266.86. The company has a market cap of $12.34 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $197.45 and a two-hundred day simple moving average of $207.99.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.06. Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same quarter last year, the firm posted $2.34 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. Analysts predict that Nordson will post 10.2 EPS for the current year.

Institutional Trading of Nordson

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Nordson by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock valued at $1,302,887,000 after buying an additional 93,146 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Nordson by 3.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company's stock valued at $540,867,000 after acquiring an additional 90,704 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Nordson by 3.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company's stock valued at $326,803,000 after acquiring an additional 47,052 shares during the last quarter. Geode Capital Management LLC lifted its stake in Nordson by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock worth $303,918,000 after purchasing an additional 12,590 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Nordson by 15.9% during the 1st quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company's stock valued at $210,536,000 after purchasing an additional 142,991 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

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.

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