Nordson Corp. (NASDAQ:NDSN) shares reached a new 52-week high on Thursday . The stock traded as high as $91.54 and last traded at $90.84, with a volume of 59,748 shares traded. The stock had previously closed at $90.79.

Several research analysts have weighed in on the company. Royal Bank Of Canada increased their price objective on Nordson Corp. from $74.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 25th. Zacks Investment Research cut Nordson Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Barrington Research lowered their price objective on Nordson Corp. from $102.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 25th. Gabelli assumed coverage on Nordson Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Sidoti cut Nordson Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.43.

The company has a 50-day moving average price of $86.37 and a 200 day moving average price of $77.81. The company has a market cap of $5.21 billion and a P/E ratio of 23.24.

Nordson Corp. (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 23rd. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ 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. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities analysts expect that Nordson Corp. will post $4.28 EPS for the current fiscal year.

In other Nordson Corp. news, VP Douglas C. Bloomfield sold 5,674 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $87.12, for a total value of $494,318.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael F. Hilton sold 4,949 shares of the business’s stock in a transaction on 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.

Other hedge funds and institutional investors have bought and sold shares of the company. Wells Fargo & Company MN boosted its position in 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. Nicholas Co. Inc. WI boosted its position in 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. Employees Retirement System of Texas boosted its position 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 valued at $5,260,000 after buying an additional 29,000 shares in the last quarter. Finally, I.G. Investment Management LTD. boosted its position 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 valued at $9,186,000 after buying an additional 9,400 shares in the last quarter.

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