Nordson Corp. (NASDAQ:NDSN) hit a new 52-week high on Friday . The stock traded as high as $92.00 and last traded at $91.97, with a volume of 195,298 shares trading hands. The stock had previously closed at $91.15.

Several equities research analysts have recently weighed in on the stock. Gabelli assumed coverage on shares of Nordson Corp. in a research note on Friday, June 10th. They issued a “buy” rating and a $100.00 target price on the stock. Zacks Investment Research downgraded shares of Nordson Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Sidoti downgraded shares of Nordson Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. KeyCorp assumed coverage on shares of Nordson Corp. in a research note on Tuesday, May 10th. They issued a “sector weight” rating on the stock. Finally, Barrington Research reduced 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.43.

The firm has a market cap of $5.26 billion and a price-to-earnings ratio of 23.47. The company’s 50-day moving average price is $88.07 and its 200-day moving average price is $79.30.

Nordson Corp. (NASDAQ:NDSN) last announced its earnings results 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. During the same period last year, the firm earned $0.80 EPS. The business had revenue of $437.60 million for the quarter, compared to analyst estimates of $414.84 million. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts expect that Nordson Corp. will post $4.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 19th. This is an increase from Nordson Corp.’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.17%.

In other Nordson Corp. news, CEO Michael F. Hilton sold 4,949 shares of Nordson Corp. stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $87.50, for a total transaction of $433,037.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary G. Puma sold 3,334 shares of Nordson Corp. stock in a transaction on Friday, May 27th. The stock was sold at an average price of $88.24, for a total transaction of $294,192.16. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in NDSN. 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 during 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 during the last quarter. Finally, 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 during the last quarter.

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