Nordson (NASDAQ:NDSN) Downgraded by BNP Paribas to Neutral

Nordson (NASDAQ:NDSN) was downgraded by BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Monday,Briefing.com Automated Import reports. They currently have a $219.00 target price on the industrial products company’s stock. BNP Paribas’ price target suggests a potential upside of 1.65% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their price objective for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Baird R W downgraded Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $237.00 target price (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and an average target price of $255.25.

Nordson Stock Down 1.4 %

NASDAQ NDSN opened at $215.44 on Monday. Nordson has a 52 week low of $196.83 and a 52 week high of $279.38. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $213.85 and its 200-day simple moving average is $238.91. The firm has a market cap of $12.30 billion, a PE ratio of 27.41, a P/E/G ratio of 1.65 and a beta of 0.95.

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

Insider Buying and Selling at Nordson

In other Nordson news, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nordson

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the period. UMB Bank n.a. increased its holdings in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Nordson by 73.7% in the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of Nordson in the fourth quarter valued at approximately $62,000. Finally, Brooklyn Investment Group increased its holdings in shares of Nordson by 695.0% in the fourth quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

About Nordson

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.