Nordson (NASDAQ:NDSN) Downgraded by BidaskClub

BidaskClub lowered shares of Nordson (NASDAQ:NDSN) from a hold rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

A number of other research analysts have also commented on the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Oppenheimer upped their price target on Nordson from $150.00 to $155.00 and gave the company an outperform rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research lowered First Merchants from a hold rating to a sell rating in a research report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $139.60.

NASDAQ NDSN opened at $138.87 on Thursday. Nordson has a 1-year low of $110.16 and a 1-year high of $149.23. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 2.16. The firm has a 50-day moving average of $133.43. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.65 and a beta of 1.24.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Monday, May 20th. The industrial products company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). The business had revenue of $551.00 million for the quarter, compared to the consensus estimate of $558.34 million. Nordson had a net margin of 14.64% and a return on equity of 22.46%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, sell-side analysts anticipate that Nordson will post 6.15 earnings per share for the current year.

In other Nordson news, CEO Michael F. Hilton sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $128.06, for a total transaction of $768,360.00. Following the transaction, the chief executive officer now owns 224,455 shares in the company, valued at approximately $28,743,707.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary G. Puma sold 998 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total value of $127,624.24. The disclosure for this sale can be found here. Corporate insiders own 1.97% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Diversified Trust Co grew its holdings in shares of Nordson by 14.4% during the 2nd quarter. Diversified Trust Co now owns 3,464 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 435 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Nordson during the 2nd quarter worth approximately $594,000. Capital Insight Partners LLC grew its holdings in shares of Nordson by 1.2% during the 2nd quarter. Capital Insight Partners LLC now owns 9,833 shares of the industrial products company’s stock worth $1,390,000 after acquiring an additional 115 shares during the period. WINTON GROUP Ltd grew its holdings in shares of Nordson by 18.5% during the 2nd quarter. WINTON GROUP Ltd now owns 3,865 shares of the industrial products company’s stock worth $546,000 after acquiring an additional 604 shares during the period. Finally, FMR LLC grew its holdings in shares of Nordson by 7,456.8% during the 1st quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock worth $6,369,000 after acquiring an additional 47,425 shares during the period. Hedge funds and other institutional investors own 68.91% 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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Analyst Recommendations for Nordson (NASDAQ:NDSN)

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