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

Several research firms recently issued reports on NDSN. Royal Bank Of Canada increased their target price on Nordson Corp. from $74.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 25th. Zacks Investment Research lowered Nordson Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Barrington Research decreased their target price on Nordson Corp. from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 25th. Gabelli began coverage on Nordson Corp. in a research note on Friday, June 10th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Sidoti lowered Nordson Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Nordson Corp. currently has an average rating of “Buy” and an average target price of $88.43.

The firm has a 50 day moving average of $85.32 and a 200 day moving average of $75.66. The company has a market cap of $5.03 billion and a P/E ratio of 22.44.

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

In related news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $88.02, for a total value of $440,100.00. Following the completion of the sale, the vice president now directly owns 37,393 shares of the company’s stock, valued at $3,291,331.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jeffrey A. Pembroke sold 2,600 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $89.00, for a total value of $231,400.00. Following the completion of the sale, the vice president now directly owns 2,677 shares of the company’s stock, valued at $238,253. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. raised its position in 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 during the period. Employees Retirement System of Texas increased 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. Nicholas Co. Inc. WI increased 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 in the last quarter. I.G. Investment Management LTD. increased 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. Finally, Wells Fargo & Company MN increased 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.

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