Nordson Corp. (NASDAQ:NDSN)’s share price hit a new 52-week high on Wednesday . The company traded as high as $89.42 and last traded at $88.49, with a volume of 91,015 shares traded. The stock had previously closed at $88.58.

A number of research firms have issued reports on NDSN. Royal Bank Of Canada boosted their price target on Nordson Corp. from $74.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 25th. Zacks Investment Research upgraded Nordson Corp. from a “hold” rating to a “strong-buy” rating and set a $102.00 price target for the company in a research note on Friday, May 27th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $92.00 price target (up from $83.00) on shares of Nordson Corp. in a research note on Thursday, May 26th. Barrington Research cut their price target on Nordson Corp. from $102.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, May 25th. Finally, KeyCorp began coverage on Nordson Corp. in a research note on Tuesday, May 10th. They set a “sector weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $88.43.

The company has a market capitalization of $5.07 billion and a P/E ratio of 22.62. The stock’s 50-day moving average price is $85.27 and its 200 day moving average price is $75.47.

Nordson Corp. (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.27. The firm earned $437.60 million during the quarter, compared to analysts’ expectations of $414.84 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts predict that Nordson Corp. will post $4.28 earnings per share for the current year.

In other news, VP Douglas C. Bloomfield sold 5,674 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $87.12, for a total value of $494,318.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael F. Hilton sold 4,949 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $87.50, for a total value of $433,037.50. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in the company. Nicholas Co. Inc. WI boosted its position in shares of Nordson Corp. by 30.0% in the fourth quarter. Nicholas Co. Inc. WI now owns 130,105 shares of the company’s stock valued at $8,346,000 after buying an additional 30,000 shares during the last quarter. Employees Retirement System of Texas boosted its position in shares of Nordson Corp. by 54.7% in the fourth quarter. Employees Retirement System of Texas now owns 82,000 shares of the company’s stock valued at $5,260,000 after buying an additional 29,000 shares in the last quarter. I.G. Investment Management LTD. boosted its position in shares of Nordson Corp. by 7.0% in the fourth quarter. I.G. Investment Management LTD. now owns 143,200 shares of the company’s stock valued at $9,186,000 after buying an additional 9,400 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Nordson Corp. by 64.7% in the fourth quarter. Wells Fargo & Company MN now owns 222,957 shares of the company’s stock valued at $14,302,000 after buying an additional 87,618 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in shares of Nordson Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 36,852 shares of the company’s stock valued at $2,364,000 after buying an additional 12,505 shares in the last quarter.

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