KeyCorp reissued their buy rating on shares of Nordson (NASDAQ:NDSN) in a report released on Wednesday, January 3rd. They currently have a $165.00 price objective on the industrial products company’s stock, up from their previous price objective of $145.00. KeyCorp also issued estimates for Nordson’s Q1 2018 earnings at $1.36 EPS, Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.91 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $6.30 EPS and FY2019 earnings at $7.00 EPS.

Other research analysts have also recently issued research reports about the company. B. Riley restated a buy rating on shares of Nordson in a research note on Wednesday, November 1st. Longbow Research upgraded Nordson from a neutral rating to a buy rating and set a $140.00 price objective on the stock in a research note on Wednesday, September 20th. SunTrust Banks boosted their price objective on Nordson to $166.00 and gave the stock a buy rating in a research note on Friday, December 15th. Oppenheimer reiterated a hold rating on shares of Nordson in a research note on Thursday, December 14th. Finally, Zacks Investment Research upgraded Nordson from a sell rating to a hold rating in a research note on Thursday, December 14th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $147.40.

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Shares of Nordson (NASDAQ:NDSN) opened at $146.61 on Wednesday. Nordson has a 1 year low of $107.16 and a 1 year high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization of $8,677.27, a price-to-earnings ratio of 28.86, a PEG ratio of 1.62 and a beta of 1.39.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The firm had revenue of $574.00 million during the quarter, compared to the consensus estimate of $546.76 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. analysts expect that Nordson will post 6.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is presently 23.62%.

In related news, CEO Michael F. Hilton sold 12,142 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $149.98, for a total value of $1,821,057.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James E. Devries sold 5,800 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $148.86, for a total value of $863,388.00. Following the completion of the transaction, the vice president now directly owns 46,222 shares of the company’s stock, valued at $6,880,606.92. The disclosure for this sale can be found here. Insiders sold a total of 84,597 shares of company stock valued at $12,623,580 over the last three months. Corporate insiders own 2.01% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its position in Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 22 shares during the period. State of Wisconsin Investment Board lifted its position in Nordson by 0.8% in the second quarter. State of Wisconsin Investment Board now owns 11,495 shares of the industrial products company’s stock worth $1,395,000 after purchasing an additional 90 shares during the period. Utah Retirement Systems lifted its position in shares of Nordson by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 10,512 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 100 shares during the last quarter. People s United Financial Inc. lifted its position in shares of Nordson by 1.0% during the 2nd quarter. People s United Financial Inc. now owns 10,932 shares of the industrial products company’s stock valued at $1,326,000 after acquiring an additional 107 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Nordson by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 65.76% of the company’s stock.

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About Nordson

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.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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