The stock of Nordson Corporation (NASDAQ:NDSN) hit a new 52-week high and has $113.16 target or 3.00% above today’s $109.86 share price. The 8 months bullish chart indicates low risk for the $6.35B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $113.16 price target is reached, the company will be worth $190.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 148,209 shares traded hands. Nordson Corporation (NASDAQ:NDSN) has risen 39.17% since April 21, 2016 and is uptrending. It has outperformed by 33.84% the S&P500.
Analysts await Nordson Corporation (NASDAQ:NDSN) to report earnings on December, 8. They expect $1.24 EPS, up 30.53% or $0.29 from last year’s $0.95 per share. NDSN’s profit will be $71.67M for 22.15 P/E if the $1.24 EPS becomes a reality. After $1.47 actual EPS reported by Nordson Corporation for the previous quarter, Wall Street now forecasts -15.65% negative EPS growth.
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 has “Sector Weight” rating given by KeyBanc Capital Markets on Tuesday, May 10. Wunderlich maintained the shares of NDSN in a report on Friday, August 21 with “Hold” rating. The stock has “Outperform” rating given by Barrington Research on Tuesday, August 23. The rating was maintained by Robert W. Baird on Wednesday, August 24 with “Neutral”. RBC Capital Markets initiated Nordson Corporation (NASDAQ:NDSN) on Wednesday, November 18 with “Sector Perform” rating. The firm has “Buy” rating by Wunderlich given on Tuesday, August 23. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, August 24. The firm has “Perform” rating by Oppenheimer given on Wednesday, August 24. Wunderlich upgraded it to “Buy” rating and $75.0 target price in Thursday, January 7 report. The company was maintained on Wednesday, August 24 by Seaport Global.
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 decreased to 1.11 in Q2 2016. Its down 0.42, from 1.53 in 2016Q1. The ratio turned negative, 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.
Sei Invests has 25,414 shares for 0.01% of their US portfolio. Independent Port Consultants reported 1,925 shares or 0.05% of all its holdings. Fincl Architects has 826 shares for 0.02% of their US portfolio. Raymond James Associate, a Florida-based fund reported 78,973 shares. Ameriprise Fincl has 190,595 shares for 0.01% of their US portfolio. Blackrock Ltd Liability Co last reported 109,236 shares in the company. Sii Invests Inc Wi holds 0.14% or 20,672 shares in its portfolio. Moreover, Victory Cap has 0.12% invested in Nordson Corporation (NASDAQ:NDSN) for 365,700 shares. Tci Wealth Incorporated last reported 705 shares in the company. Neuberger Berman Group accumulated 1.59 million shares or 0.18% of the stock. Northern Tru holds 0.01% of its portfolio in Nordson Corporation (NASDAQ:NDSN) for 428,608 shares. Commonwealth Equity has 0% invested in the company for 2,737 shares. Hbk Invests Ltd Partnership reported 7,258 shares or 0% of all its holdings. Checchi Advisers last reported 0.01% of its portfolio in the stock. Moreover, Calvert Invest has 0.02% invested in Nordson Corporation (NASDAQ:NDSN) for 3,799 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 7 sales for $6.35 million net activity. 4,949 shares with value of $433,038 were sold by Hilton Michael F on Thursday, May 26. BLOOMFIELD DOUGLAS C sold $494,319 worth of stock or 5,674 shares. $440,100 worth of shares were sold by DeVries James E on Wednesday, June 8. 2,600 Nordson Corporation (NASDAQ:NDSN) shares with value of $231,400 were sold by Pembroke Jeffrey A. 8,121 shares with value of $803,979 were sold by THAXTON GREGORY A on Thursday, August 25. $570,155 worth of Nordson Corporation (NASDAQ:NDSN) was sold by VEILLETTE ROBERT E. KEANE JOHN J also sold $273,187 worth of Nordson Corporation (NASDAQ:NDSN) shares.
More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Businesswire.com which released: “Nordson Corporation Announces Earnings Release and Webcast for Fourth Quarter …” on November 22, 2016, also Fool.com with their article: “Nordson Corporation Cements Another Great Quarter” published on August 23, 2016, Fool.com published: “Why Nordson Corporation Stock Popped Today” on May 24, 2016. More interesting news about Nordson Corporation (NASDAQ:NDSN) were released by: Fool.com and their article: “Nordson Corporation Glues Together a Solid Earnings Beat” published on May 23, 2016 as well as Fool.com‘s news article titled: “4 Things to Watch When Nordson Corporation Reports” with publication date: December 08, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.