Nordson Corporation (NDSN) Given Buy Rating at KeyCorp

Nordson Corporation (NASDAQ:NDSN)‘s stock had its “buy” rating reissued by KeyCorp in a research note issued on Sunday. They presently have a $145.00 target price on the industrial products company’s stock. KeyCorp’s price target suggests a potential upside of 14.46% from the company’s previous close.

A number of other equities analysts also recently issued reports on NDSN. BidaskClub raised Nordson Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Gabelli raised Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded Nordson Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Robert W. Baird reaffirmed a “hold” rating and set a $128.00 price objective on shares of Nordson Corporation in a research report on Thursday, August 24th. Finally, FBR & Co set a $160.00 price objective on Nordson Corporation and gave the company a “buy” rating in a research report on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Nordson Corporation currently has a consensus rating of “Buy” and an average target price of $140.33.

Nordson Corporation (NASDAQ NDSN) opened at $126.68 on Friday. Nordson Corporation has a 12-month low of $103.76 and a 12-month high of $131.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10. The stock has a market capitalization of $7,308.42, a price-to-earnings ratio of 23.55, a PEG ratio of 1.46 and a beta of 1.40.

Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. During the same quarter in the prior year, the company earned $1.67 EPS. The business’s revenue was up 20.3% compared to the same quarter last year. research analysts forecast that Nordson Corporation will post 5.32 earnings per share for the current fiscal year.

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In other Nordson Corporation news, VP James E. Devries sold 5,000 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the sale, the vice president now directly owns 41,937 shares in the company, valued at $4,948,985.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.15% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NDSN. Mckinley Capital Management LLC Delaware purchased a new stake in Nordson Corporation in the second quarter valued at about $104,000. Financial Architects Inc raised its stake in Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after buying an additional 100 shares during the last quarter. D.A. Davidson & CO. raised its stake in Nordson Corporation by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after buying an additional 22 shares during the last quarter. IFP Advisors Inc raised its stake in Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after buying an additional 21 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Nordson Corporation by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after buying an additional 1,507 shares during the last quarter. Institutional investors own 64.54% of the company’s stock.

About Nordson Corporation

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

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