FBR & Co Comments on Nordson Corporation's FY2017 Earnings (NDSN)

Paterniano Del Favero
Agosto 12, 2017

Toronto Dominion Bank increased its stake in shares of Nordson Corporation by 1.1% in the first quarter.

In the market the company is trading down from yesterday's close of $129.1.

Shares of Nordson Corporation (NASDAQ NDSN) opened at 127.68 on Friday. It has outperformed by 55.52% the S&P500.

Here are a few additional firms who have increased or decreased their stake in (NDSN). Southernsun Asset Management Llc sold 95,541 shares as Nordson Corp. Pictet Asset Management Ltd. increased its stake in Nordson Corporation by 0.4% in the first quarter. The stock declined 0.65% or $0.31 reaching $47.58 on the news. It is down 72.22% since August 11, 2016 and is uptrending. It has outperformed by 18.07% the S&P500. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Therefore 33% are positive. TowerJazz had 10 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by ValuEngine on Monday, May 29 to "Sell". The rating was maintained by Needham on Wednesday, June 21 with "Buy". The company was maintained on Thursday, November 17 by Cowen & Co. As per Wednesday, August 24, the company rating was maintained by RBC Capital Markets. Boeing Co Com (NYSE:BA) was raised too.

A number of equities research analysts have recently commented on the company.

Ratings analysis reveals 25% of Kirby's analysts are positive. On Thursday, January 7 the stock rating was upgraded by Wunderlich to "Buy".

Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 22nd. The stock has "Overweight" rating by KeyBanc Capital Markets on Wednesday, February 15. BidaskClub upgraded Nordson Corporation from a "hold" rating to a "buy" rating in a report on Tuesday, June 27th. Out of 9 Wall Street analysts rating Nordson, 6 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". The rating was maintained by Barrington Research on Friday, December 16 with "Outperform". Finally, FBR & Co reaffirmed an "outperform" rating on shares of Nordson Corporation in a research report on Tuesday, July 11th.

Nordson Corporation engineers, manufactures 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 company has a market cap of $7.36 billion, a price-to-earnings ratio of 26.91 and a beta of 1.35. It has a 28.99 P/E ratio. The Adhesive Dispensing Systems segment delivers its precision dispensing and processing technology to various markets.

Investors sentiment increased to 1.29 in Q4 2016. They expect $1.67 EPS, up 13.61% or $0.20 from last year's $1.47 per share. Moreover, Atlanta Capital Management Co L L C has 1.74% invested in the company for 4.10 million shares. Metropolitan Life Insur Communications New York accumulated 0.04% or 52,092 shares. Fincl Bank Of Mellon stated it has 926,925 shares or 0.03% of all its holdings. Albert D Mason Inc. increased its stake in shares of Nordson Corporation by 0.9% in the first quarter. Oregon Pub Employees Retirement Fund has invested 0.04% of its portfolio in Nordson Corporation (NASDAQ:NDSN).

On 5/14/2013 Nordson Corporation announced a quarterly dividend of $0.15. Capital Rech Glob Investors owns 3.42M shares.

Washington Capital Management Inc holds 2.85% of its portfolio in Kirby Corporation for 34,810 shares. World Asset Mngmt holds 3,287 shares or 0.01% of its portfolio. Wells Fargo Comm Mn invested 0.01% in Nordson Corporation (NASDAQ:NDSN).

Since March 2, 2017, it had 0 insider buys, and 3 selling transactions for $3.60 million activity. They now have a United States dollars 100 price target on the stock.

On 3/10/2017 John J Keane, Insider, sold 23,600 with an average share price of $123.88 per share and the total transaction amounting to $2,923,568.00. PEET SHELLY sold $329,157 worth of Nordson Corporation (NASDAQ:NDSN) on Tuesday, March 7.

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