Oppenheimer upgraded shares of Nordson (NASDAQ:NDSN) from a market perform rating to an outperform rating in a research report released on Tuesday, Marketbeat Ratings reports. They currently have $140.00 price target on the industrial products company’s stock.

Other analysts have also issued research reports about the stock. Gabelli reiterated a hold rating on shares of Nordson in a research note on Tuesday, December 18th. BidaskClub lowered shares of Nordson from a sell rating to a strong sell rating in a research note on Wednesday, October 24th. ValuEngine lowered shares of Nordson from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Nordson from a sell rating to a hold rating in a research note on Monday, December 17th. Finally, Wells Fargo & Co set a $130.00 price target on shares of Nordson and gave the company a hold rating in a research note on Friday, December 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Nordson currently has an average rating of Hold and a consensus target price of $143.57.

Shares of NASDAQ:NDSN traded down $1.88 during mid-day trading on Tuesday, hitting $122.60. The company had a trading volume of 11,684 shares, compared to its average volume of 391,599. The firm has a market capitalization of $7.12 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.45 and a beta of 1.15. The company has a quick ratio of 1.77, a current ratio of 2.52 and a debt-to-equity ratio of 0.89. Nordson has a one year low of $110.16 and a one year high of $151.49.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, December 12th. The industrial products company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.03). The company had revenue of $569.00 million during the quarter, compared to the consensus estimate of $560.98 million. Nordson had a net margin of 16.74% and a return on equity of 25.29%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, analysts anticipate that Nordson will post 6.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 8th. Shareholders of record on Friday, December 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, December 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.14%. Nordson’s dividend payout ratio (DPR) is presently 23.57%.

In other Nordson news, insider Gregory A. Thaxton sold 11,250 shares of Nordson stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $117.22, for a total transaction of $1,318,725.00. Following the transaction, the insider now directly owns 64,017 shares of the company’s stock, valued at approximately $7,504,072.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael F. Hilton sold 4,330 shares of Nordson stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $116.48, for a total transaction of $504,358.40. Following the transaction, the chief executive officer now directly owns 217,821 shares in the company, valued at $25,371,790.08. The disclosure for this sale can be found here. Insiders own 2.01% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Nordson by 18.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,580 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 398 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Nordson by 9.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,422 shares of the industrial products company’s stock worth $753,000 after buying an additional 449 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Nordson by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,025 shares of the industrial products company’s stock worth $975,000 after buying an additional 455 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Nordson by 3.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the industrial products company’s stock worth $1,986,000 after buying an additional 500 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in shares of Nordson by 2.7% in the 3rd quarter. State Treasurer State of Michigan now owns 19,360 shares of the industrial products company’s stock worth $2,689,000 after buying an additional 500 shares during the last quarter. 68.17% of the stock is currently owned by hedge funds and other institutional investors.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

Featured Story: What is a front-end load?

Analyst Recommendations for Nordson (NASDAQ:NDSN)

Receive News & Ratings for Nordson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson and related companies with MarketBeat.com's FREE daily email newsletter.