Nordson (NASDAQ:NDSN) Rating Reaffirmed
In analysts note disseminated on 14 December, The Sector Perform rating of Nordson (NASDAQ:NDSN) shares was reaffirmed by RBC Capital Mkts, who now has a $69 target price on the stock. RBC Capital Mkts’s target price would suggest a possible upside of 8.59% from the current stock price of the company.
From a total of 10 analysts covering Nordson (NASDAQ:NDSN) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $91 while the lowest target price is $68. The mean of all analyst targets is $79.4 with a 27.87% above today’s ($63.54) stock price. Nordson was the topic of 8 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets initiated shares on November 18 with “Sector Perform” rating. Wunderlich maintained shares with “Hold” rating and $85 target share price in a report from an August 21. Suntrust Robinson initiated NDSN stock in a recent report from November 3 with “Buy” rating. Finally, Oppenheimer maintained the stock with “Outperform” rating in a report issued on an August 24.
The stock decreased 7.09% or $4.85 on December 11, striking $63.54. Approximately shares of stock traded hands. Nordson Corporation (NASDAQ:NDSN) has declined 22.43% since May 11, 2015 and is downtrending. It has underperformed by 18.01% the S&P500.
The overall sentiment of institutions has increased to 1.41 in Q2 2015. Its up 0.37, from 1.04 in 2015Q2. The ratio is positive, as 22 institutions have sold all the shares of Nordson Corporation that they owned while 63 funds have taken shares off the table. 34 funds have purchased shares for the first time while 86 added to their positions. These institutions now hold 34.48 million shares or 12.69% less than the 39.49 million shares they owned in 2015Q2.
The Fund Mcdaniel Terry & Co currently is holding shares equating to 4.89% of its total portfolio in Nordson Corporation representing a total of 278,924 shares. Another fund,Columbia Wanger Asset Management Llc, is holding a total of 3.74 million shares equating to 1.88% of their holdings. Additionally, Winslow Asset Management Inc has a 144,934 share stake in Nordson Corporation which represents 1.81% of their total portfolio. The Fund, Ct Mason, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 1.65% of their total portfolio. Finally Roffman Miller Associates Inc Pa, a fund which is based in the state of Pennsylvania reported a total holdings of 130,588 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 3, 2015, shareholders of Nordson Corporation have witnessed 0 buys, and a total of 5 insider sales equating to a net activity of approximately $1.46 million . Devries James E sold 5,400 shares worth approximately $362,340. Thaxton Gregory A sold 5,625 shares worth approximately $380,925. Keane John J sold 3,000 shares worth approximately $235,170. Veillette Robert E sold 1,200 shares worth approximately $98,664. The company insider Hilton Michael F sold 5,000 shares worth $405,250.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing. The company has a market cap of $3.83 billion. Nordson’s solutions portfolio also includes test and inspection equipment, and curing and surface preparation systems. It has 18.35 P/E ratio. It serves a wide variety 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.
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.”