Nordson (NASDAQ:NDSN) Earns “Neutral” Rating from Robert W. Baird

Nordson (NASDAQ:NDSN)‘s stock had its “neutral” rating reissued by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $237.00 price objective on the industrial products company’s stock, down from their prior price objective of $294.00. Robert W. Baird’s price objective would suggest a potential upside of 4.65% from the stock’s previous close.

Nordson Price Performance

Shares of NDSN opened at $226.46 on Friday. The company has a 50 day moving average of $253.99 and a 200-day moving average of $245.82. The company has a quick ratio of 1.52, a current ratio of 2.36 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.95 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 0.90. Nordson has a twelve month low of $222.18 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 20.12%. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same period in the previous year, the business earned $2.46 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Nordson will post 10.35 EPS for the current fiscal year.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now owns 8,659 shares in the company, valued at approximately $2,164,576.82. This represents a 25.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,629 shares of company stock valued at $914,400. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NDSN. Wealth Enhancement Advisory Services LLC increased its position in Nordson by 20.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,250 shares of the industrial products company’s stock worth $986,000 after buying an additional 714 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Nordson by 7.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,797 shares of the industrial products company’s stock worth $1,577,000 after purchasing an additional 465 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Nordson by 61.6% in the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after buying an additional 11,875 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of Nordson by 7.0% in the second quarter. Portside Wealth Group LLC now owns 978 shares of the industrial products company’s stock valued at $227,000 after buying an additional 64 shares during the period. Finally, Everpar Advisors LLC grew its position in Nordson by 2.1% during the second quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock worth $469,000 after buying an additional 42 shares in the last quarter. 72.11% of the stock is owned by 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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.