Nordson (NASDAQ:NDSN) has been assigned a $175.00 target price by investment analysts at B. Riley in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the industrial products company’s stock. B. Riley’s price target would suggest a potential upside of 23.75% from the stock’s current price.
Several other research analysts also recently weighed in on the stock. KeyCorp restated a “buy” rating and issued a $145.00 target price on shares of Nordson in a research note on Sunday, November 19th. SunTrust Banks restated a “buy” rating and issued a $135.00 target price on shares of Nordson in a research note on Friday, October 27th. Barrington Research restated a “market perform” rating on shares of Nordson in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Oppenheimer restated a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $151.40.
Shares of Nordson (NDSN) traded up $2.08 during mid-day trading on Friday, hitting $141.41. 341,400 shares of the stock traded hands, compared to its average volume of 263,405. The stock has a market capitalization of $8,054.65, a P/E ratio of 27.84, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. Nordson has a fifty-two week low of $107.16 and a fifty-two week high of $151.84.
In related news, VP Shelly Peet sold 15,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $148.90, for a total value of $2,233,500.00. Following the sale, the vice president now directly owns 29,170 shares of the company’s stock, valued at $4,343,413. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert E. Veillette sold 1,594 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total transaction of $226,650.86. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock worth $12,623,580 over the last ninety days. 2.01% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Nordson by 0.9% during the fourth quarter. BlackRock Inc. now owns 4,311,022 shares of the industrial products company’s stock worth $631,134,000 after purchasing an additional 38,879 shares during the period. Atlanta Capital Management Co. L L C raised its holdings in shares of Nordson by 2.4% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,818,852 shares of the industrial products company’s stock worth $266,280,000 after purchasing an additional 42,138 shares during the period. TimesSquare Capital Management LLC raised its holdings in shares of Nordson by 85.3% during the third quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock worth $136,453,000 after purchasing an additional 530,100 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of Nordson by 0.8% during the fourth quarter. Champlain Investment Partners LLC now owns 974,340 shares of the industrial products company’s stock worth $142,643,000 after purchasing an additional 7,555 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Nordson by 107.7% during the fourth quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock worth $142,053,000 after purchasing an additional 503,093 shares during the period. 66.96% of the stock is currently owned by institutional investors.
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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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