Nordson (NASDAQ:NDSN) Stock Rating Upgraded by KeyCorp

Nordson (NASDAQ:NDSN) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $260.00 target price on the industrial products company’s stock. KeyCorp’s price target suggests a potential upside of 25.54% from the stock’s previous close.

A number of other research analysts have also recently weighed in on NDSN. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and upped their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. 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 note on Monday, February 24th. Robert W. Baird reiterated a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.20.

Nordson Trading Down 1.5 %

Shares of NDSN stock opened at $207.10 on Tuesday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.65 and a beta of 0.95. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $213.38 and its 200 day moving average is $237.84. Nordson has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million for the quarter, compared to analysts’ expectations of $639.40 million. Research analysts expect that Nordson will post 10.2 earnings per share for the current year.

Insider Buying and Selling at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently modified their holdings of NDSN. Covestor Ltd raised its holdings in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after buying an additional 43 shares during the period. QRG Capital Management Inc. raised its stake in shares of Nordson by 3.5% in the third quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 49 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of Nordson by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after acquiring an additional 49 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Nordson by 26.1% during the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 52 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. grew its holdings in Nordson by 1.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 56 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.