Nordson Co. (NASDAQ:NDSN) shares gapped up prior to trading on Monday . The stock had previously closed at $85.63, but opened at $85.88. Nordson shares last traded at $86.63, with a volume of 55,382 shares traded.

NDSN has been the subject of several recent analyst reports. TheStreet upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Wednesday, March 16th. Gabelli initiated coverage on shares of Nordson in a research report on Friday, June 10th. They issued a “buy” rating and a $100.00 target price for the company. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Sidoti cut shares of Nordson from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Oppenheimer Holdings Inc. upped their target price on shares of Nordson from $77.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, March 21st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $88.43.

The firm has a market capitalization of $4.93 billion and a price-to-earnings ratio of 22.02. The company’s 50 day moving average is $85.13 and its 200-day moving average is $73.66.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.27. The business had revenue of $437.60 million for the quarter, compared to the consensus estimate of $414.84 million. During the same period in the previous year, the business posted $0.80 earnings per share. Nordson’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts predict that Nordson Co. will post $4.29 EPS for the current year.

In related news, VP James E. Devries sold 5,000 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $88.02, for a total transaction of $440,100.00. Following the completion of the sale, the vice president now owns 37,393 shares in the company, valued at approximately $3,291,331.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Douglas C. Bloomfield sold 5,674 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $87.12, for a total transaction of $494,318.88. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Nordson by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 366,155 shares of the company’s stock worth $23,490,000 after buying an additional 28,210 shares during the period. I.G. Investment Management LTD. boosted its stake in shares of Nordson by 7.0% in the fourth quarter. I.G. Investment Management LTD. now owns 143,200 shares of the company’s stock worth $9,186,000 after buying an additional 9,400 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Nordson by 64.7% in the fourth quarter. Wells Fargo & Company MN now owns 222,957 shares of the company’s stock worth $14,302,000 after buying an additional 87,618 shares during the period. Morgan Stanley boosted its stake in shares of Nordson by 40.5% in the fourth quarter. Morgan Stanley now owns 27,570 shares of the company’s stock worth $1,769,000 after buying an additional 7,946 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Nordson by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 36,852 shares of the company’s stock worth $2,364,000 after buying an additional 12,505 shares during the period.

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