BidaskClub upgraded shares of Nordson Corporation (NASDAQ:NDSN) from a buy rating to a strong-buy rating in a research note released on Friday.

A number of other equities analysts also recently commented on the company. FBR & Co restated an outperform rating on shares of Nordson Corporation in a report on Tuesday, July 11th. Wellington Shields raised Nordson Corporation from a hold rating to a gradually accumulate rating in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed a market perform rating and set a $130.00 target price (up previously from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Finally, Zacks Investment Research cut Nordson Corporation from a buy rating to a hold rating in a research report on Thursday, May 25th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nordson Corporation presently has an average rating of Buy and an average price target of $115.50.

Nordson Corporation (NASDAQ:NDSN) opened at 129.10 on Friday. Nordson Corporation has a 12 month low of $88.92 and a 12 month high of $131.49. The firm has a market capitalization of $7.44 billion, a PE ratio of 27.21 and a beta of 1.35. The firm’s 50-day moving average is $121.72 and its 200-day moving average is $121.26.

Nordson Corporation (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The firm had revenue of $496.14 million for the quarter, compared to the consensus estimate of $470.12 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that Nordson Corporation will post $5.40 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of NDSN. Financial Architects Inc raised its position in shares of Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares during the last quarter. TrimTabs Asset Management LLC purchased a new position in shares of Nordson Corporation during the first quarter worth approximately $126,000. IFP Advisors Inc raised its position in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares during the last quarter. Sapphire Star Partners LP purchased a new position in shares of Nordson Corporation during the first quarter worth approximately $204,000. Finally, Opus Capital Group LLC purchased a new position in shares of Nordson Corporation during the second quarter worth approximately $208,000. Institutional investors and hedge funds own 65.92% of the company’s stock.

About Nordson Corporation

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

Analyst Recommendations for Nordson Corporation (NASDAQ:NDSN)

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