Nordson’s (NDSN) “Neutral” Rating Reiterated at Robert W. Baird

Nordson (NASDAQ:NDSN)‘s stock had its “neutral” rating restated by Robert W. Baird in a research note issued on Friday,Benzinga reports. They presently have a $237.00 target price on the industrial products company’s stock, down from their prior target price of $294.00. Robert W. Baird’s price target would indicate a potential upside of 3.44% from the stock’s previous close.

Nordson Stock Performance

NASDAQ NDSN opened at $229.11 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $13.10 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.85 and a beta of 0.90. Nordson has a 12-month low of $222.18 and a 12-month high of $279.38. The firm has a 50-day moving average price of $254.50 and a two-hundred day moving average price of $245.81.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that Nordson will post 10.35 earnings per share for the current year.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. This represents a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the completion of the transaction, the executive vice president now owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,629 shares of company stock valued at $914,400. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Nordson

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Nordson by 20.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,250 shares of the industrial products company’s stock worth $986,000 after acquiring an additional 714 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Nordson by 7.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,797 shares of the industrial products company’s stock valued at $1,577,000 after purchasing an additional 465 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Nordson by 61.6% in the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock worth $7,224,000 after acquiring an additional 11,875 shares during the period. Portside Wealth Group LLC raised its position in Nordson by 7.0% in the second quarter. Portside Wealth Group LLC now owns 978 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 64 shares during the period. Finally, Everpar Advisors LLC raised its position in Nordson by 2.1% in the second quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 42 shares during the period. 72.11% of the stock is owned by institutional investors.

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.