Nordson Corp. (NASDAQ:NDSN) shares hit a new 52-week high on Thursday . The company traded as high as $89.83 and last traded at $89.14, with a volume of 92,651 shares trading hands. The stock had previously closed at $88.31.

A number of research analysts recently weighed in on NDSN shares. KeyCorp started coverage on shares of Nordson Corp. in a research note on Tuesday, May 10th. They issued a “sector weight” rating on the stock. Zacks Investment Research lowered shares of Nordson Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday. Barrington Research decreased their price target on shares of Nordson Corp. from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 25th. Sidoti lowered shares of Nordson Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $92.00 price target (up from $83.00) on shares of Nordson Corp. in a research note on Thursday, May 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Nordson Corp. has a consensus rating of “Buy” and an average price target of $88.43.

The stock has a market capitalization of $5.07 billion and a price-to-earnings ratio of 22.61. The stock has a 50 day moving average price of $85.64 and a 200 day moving average price of $76.71.

Nordson Corp. (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.27. The firm had revenue of $437.60 million for the quarter, compared to analyst estimates of $414.84 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. Analysts forecast that Nordson Corp. will post $4.28 earnings per share for the current fiscal year.

In related news, VP Douglas C. Bloomfield sold 5,674 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $87.12, for a total transaction of $494,318.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert E. Veillette sold 6,500 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $87.72, for a total transaction of $570,180.00. Following the sale, the vice president now directly owns 40,637 shares in the company, valued at approximately $3,564,677.64. The disclosure for this sale can be found here.

A number of hedge funds recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in Nordson Corp. 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 in the last quarter. I.G. Investment Management LTD. increased its stake in Nordson Corp. 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 in the last quarter. Employees Retirement System of Texas increased its stake in Nordson Corp. by 54.7% in the fourth quarter. Employees Retirement System of Texas now owns 82,000 shares of the company’s stock worth $5,260,000 after buying an additional 29,000 shares in the last quarter. Finally, Nicholas Co. Inc. WI increased its stake in Nordson Corp. by 30.0% in the fourth quarter. Nicholas Co. Inc. WI now owns 130,105 shares of the company’s stock worth $8,346,000 after buying an additional 30,000 shares in the last quarter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.