Nordson (NASDAQ:NDSN) Upgraded to "Buy" at Wall Street Zen

Nordson (NASDAQ:NDSN - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

NDSN has been the subject of a number of other reports. BNP Paribas lowered Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. 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. Robert W. Baird increased their target price on shares of Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday. Finally, KeyCorp dropped 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. Three 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.17.

Nordson Trading Up 1.7%

Shares of NASDAQ:NDSN traded up $3.52 during midday trading on Friday, reaching $212.49. The company's stock had a trading volume of 908,619 shares, compared to its average volume of 307,845. Nordson has a fifty-two week low of $165.03 and a fifty-two week 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 firm has a 50 day moving average price of $191.64 and a two-hundred day moving average price of $211.47. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.65 and a beta of 0.90.

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 (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.06. The business had revenue of $682.94 million for the quarter, compared to analyst estimates of $671.36 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Nordson's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 earnings per share. As a group, analysts forecast that Nordson will post 10.2 earnings per share for the current year.

Institutional Investors Weigh In On Nordson

Hedge funds have recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new position in Nordson during the fourth quarter valued at about $4,553,000. Pacer Advisors Inc. boosted its stake in Nordson by 34.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,895 shares of the industrial products company's stock valued at $1,861,000 after acquiring an additional 2,282 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Nordson by 4.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,619 shares of the industrial products company's stock valued at $25,866,000 after acquiring an additional 4,963 shares during the period. Marshall Wace LLP bought a new position in shares of Nordson during the 4th quarter valued at approximately $372,000. Finally, Ossiam increased its stake in shares of Nordson by 60.1% during the 4th quarter. Ossiam now owns 5,011 shares of the industrial products company's stock worth $1,049,000 after purchasing an additional 1,881 shares during the last quarter. 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.