Nordson (NASDAQ:NDSN) Given "Hold (C)" Rating at Weiss Ratings

Nordson (NASDAQ:NDSN - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Robert W. Baird lifted their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. DA Davidson set a $285.00 price target on Nordson in a report on Tuesday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Finally, KeyCorp boosted their price target on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nordson presently has an average rating of "Moderate Buy" and an average price target of $255.75.

Nordson Price Performance

Nordson stock opened at $235.90 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. The company has a market capitalization of $13.26 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. Nordson has a one year low of $165.03 and a one year high of $266.86. The business has a 50 day simple moving average of $227.28 and a 200 day simple moving average of $213.59.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Thursday, September 8th. The industrial products company reported $2.42 EPS for the quarter. The business had revenue of $646.86 million during the quarter. Nordson had a return on equity of 19.45% and a net margin of 16.34%. On average, sell-side analysts forecast that Nordson will post 10.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 2,300 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the completion of the transaction, the executive vice president directly owned 8,605 shares in the company, valued at approximately $1,999,715.95. This trade represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On Nordson

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Nordson by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock valued at $486,000 after purchasing an additional 67 shares during the period. DAVENPORT & Co LLC increased its holdings in Nordson by 18.7% in the first quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company's stock valued at $535,000 after purchasing an additional 418 shares during the period. Amalgamated Bank increased its holdings in Nordson by 1.2% in the first quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company's stock valued at $2,153,000 after purchasing an additional 127 shares during the period. Teacher Retirement System of Texas acquired a new stake in Nordson in the first quarter valued at $1,599,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Nordson by 4.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company's stock valued at $51,088,000 after purchasing an additional 9,679 shares during the period. 72.11% of the stock is currently owned by institutional investors.

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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