The stock of Nordson Corporation (NASDAQ:NDSN) reached all time high today, Nov, 14 and still has $181.73 target or 69.00% above today’s $107.53 share price. This indicates more upside for the $6.29 billion company. This technical setup was reported by Barchart.com. If the $181.73 PT is reached, the company will be worth $4.34 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 224,462 shares traded hands. Nordson Corporation (NASDAQ:NDSN) has risen 37.65% since April 12, 2016 and is uptrending. It has outperformed by 32.67% the S&P500.
Nordson Corporation (NASDAQ:NDSN) Ratings Coverage
Out of 9 analysts covering Nordson (NASDAQ:NDSN), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Nordson has been the topic of 21 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of Nordson Corporation (NASDAQ:NDSN) has “Sector Perform” rating given on Wednesday, November 18 by RBC Capital Markets. The rating was maintained by Barrington Research on Tuesday, August 23 with “Outperform”. The firm has “Sector Perform” rating given on Wednesday, February 24 by RBC Capital Markets. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, May 10. The rating was maintained by Barrington Research with “Outperform” on Monday, August 24. The rating was maintained by Wunderlich on Monday, December 14 with “Hold”. The stock of Nordson Corporation (NASDAQ:NDSN) earned “Buy” rating by Gabelli on Friday, June 10. As per Tuesday, November 3, the company rating was initiated by SunTrust. The stock of Nordson Corporation (NASDAQ:NDSN) has “Buy” rating given on Tuesday, August 23 by Wunderlich. SunTrust maintained it with “Buy” rating and $115 target price in Wednesday, August 24 report.
According to Zacks Investment Research, “Nordson Corporation is one of the world’s leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has more than three thousand eight hundrednemployees worldwide, and direct operations and sales support offices in thirty countries.ntainers.”
Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.33, from 1.2 in 2016Q1. The ratio improved, as 15 funds sold all Nordson Corporation shares owned while 72 reduced positions. 39 funds bought stakes while 94 increased positions. They now own 36.52 million shares or 5.12% less from 38.50 million shares in 2016Q1.
Moreover, Ameritas Investment Prtnrs has 0.05% invested in Nordson Corporation (NASDAQ:NDSN) for 8,479 shares. Neuberger Berman Gru Ltd Llc holds 1.59 million shares or 0.18% of its portfolio. Winslow Asset owns 123,306 shares or 2.31% of their US portfolio. Moreover, Kanaly Trust has 0% invested in Nordson Corporation (NASDAQ:NDSN) for 14 shares. State Of Wisconsin Invest Board holds 0.01% or 37,160 shares in its portfolio. Edge Asset Mngmt reported 281,723 shares or 0.21% of all its holdings. Weaver C Barksdale And Associates has 86 shares for 0.01% of their US portfolio. Ct Mason last reported 0.97% of its portfolio in the stock. Qs Lc owns 5 shares or 0% of their US portfolio. Southernsun Asset Mgmt Ltd Liability Com has 745,841 shares for 1.64% of their US portfolio. Royal Bancshares Of Canada, a Ontario – Canada-based fund reported 46,476 shares. Amer Intll Group holds 0% or 103,509 shares in its portfolio. Eulav Asset Mngmt accumulated 0.12% or 25,800 shares. Northern Tru has 0.01% invested in the company for 428,608 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,675 shares or 0% of the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 12 sales for $8.08 million net activity. Hilton Michael F sold 4,949 shares worth $433,038. MERK GREGORY P sold $1.67M worth of Nordson Corporation (NASDAQ:NDSN) on Thursday, August 25. 3,120 shares were sold by KEANE JOHN J, worth $273,187. $803,979 worth of Nordson Corporation (NASDAQ:NDSN) was sold by THAXTON GREGORY A. 3,532 shares were sold by BLOOMFIELD DOUGLAS C, worth $349,668 on Thursday, August 25. Another trade for 6,500 shares valued at $570,155 was made by VEILLETTE ROBERT E on Wednesday, June 1. 5,000 shares with value of $440,100 were sold by DeVries James E on Wednesday, June 8.
More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Fool.com which released: “Nordson Corporation Cements Another Great Quarter” on August 23, 2016, also Fool.com with their article: “Why Nordson Corporation Stock Popped Today” published on May 24, 2016, Fool.com published: “Nordson Corporation Glues Together a Solid Earnings Beat” on May 23, 2016. More interesting news about Nordson Corporation (NASDAQ:NDSN) were released by: Businesswire.com and their article: “Nordson Corporation and Nordson Corporation Foundation Give $8.2 Million to …” published on November 04, 2016 as well as Fool.com‘s news article titled: “Nordson Corporation Weathers Another Tough Quarter” with publication date: December 12, 2015.
NDSN Company Profile
Nordson Corporation, incorporated on October 17, 1935, engineers, makes 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 Firm has three operating divisions: Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems. The Company’s Adhesive Dispensing Systems segment delivers its precision dispensing and processing technology to diverse markets for applications that reduce material consumption, increase line efficiency and enhance product strength, durability, brand and appearance. The Company’s Advanced Technology Systems segment integrates its product technologies found in progressive stages of a customer’s production process, such as surface treatment, precisely controlled automated, semi-automated or manual dispensing of material, and post-dispense bond testing, optical inspection and X-ray inspection to ensure quality. The Company’s Industrial Coating Systems segment provides equipment used primarily for applying coatings, paint, finishes, sealants and other materials, and for curing and drying of dispensed material. The Firm serves a range of consumer non-durable, consumer durable and technology end markets, including packaging, nonwovens, electronics, medical, appliances, energy, transportation, building and construction, and general product assembly and finishing.
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