Robert W. Baird Raises Nordson (NASDAQ:NDSN) Price Target to $245.00

Nordson (NASDAQ:NDSN - Get Free Report) had its price objective upped by equities research analysts at Robert W. Baird from $241.00 to $245.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. Robert W. Baird's price objective would indicate a potential upside of 15.30% from the company's previous close.

NDSN has been the topic of several other research reports. BNP Paribas downgraded shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price on the stock. in a report on Monday, February 24th. KeyCorp decreased their price objective on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a report on Friday. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $253.17.

Nordson Stock Performance

Nordson stock traded up $3.52 during midday trading on Friday, hitting $212.49. 908,619 shares of the company's stock were exchanged, compared to its average volume of 307,845. Nordson has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The firm's 50 day simple moving average is $191.64 and its 200 day simple moving average is $211.15.

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

Institutional Trading of Nordson

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Nordson by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock worth $1,302,887,000 after acquiring an additional 93,146 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position 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 worth $540,867,000 after acquiring an additional 90,704 shares during the last quarter. Lazard Asset Management LLC raised its position in Nordson by 3.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company's stock worth $326,803,000 after acquiring an additional 47,052 shares during the last quarter. Geode Capital Management LLC raised its position in Nordson by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock worth $303,918,000 after acquiring an additional 12,590 shares during the last quarter. Finally, Invesco Ltd. raised its position in Nordson by 15.9% during the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company's stock worth $210,536,000 after acquiring an additional 142,991 shares during the last quarter. Hedge funds and other 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.