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

NDSN has been the subject of several analyst reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $92.00 price target (up from $83.00) on shares of Nordson Corp. in a research report on Thursday, May 26th. Zacks Investment Research lowered shares of Nordson Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp initiated coverage on shares of Nordson Corp. in a research report on Tuesday, May 10th. They set a “sector weight” rating for the company. Sidoti lowered shares of Nordson Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Gabelli initiated coverage on shares of Nordson Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Nordson Corp. currently has an average rating of “Buy” and an average price target of $88.43.

The firm has a market capitalization of $5.16 billion and a P/E ratio of 23.01. The stock has a 50-day moving average price of $85.91 and a 200-day moving average price of $76.90.

Nordson Corp. (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 23rd. The company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.27. The company had revenue of $437.60 million for the quarter, compared to analyst estimates of $414.84 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts predict 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 company’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $88.02, for a total value of $440,100.00. Following the completion of the transaction, the vice president now directly owns 37,393 shares of the company’s stock, valued at $3,291,331.86. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. 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 worth $14,302,000 after buying an additional 87,618 shares during the period. Nicholas Co. Inc. WI boosted its stake 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 worth $8,346,000 after buying an additional 30,000 shares in the last quarter. Employees Retirement System of Texas boosted its stake 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 worth $5,260,000 after buying an additional 29,000 shares in the last quarter. Finally, I.G. Investment Management LTD. boosted its stake 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 worth $9,186,000 after buying an additional 9,400 shares in the last quarter.

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