In a report released today, Chris Dankert from Loop Capital Markets reiterated a Hold rating on Nordson (NDSN – Research Report), with a price target of $245.00. The company’s shares closed yesterday at $259.17.
According to TipRanks, Dankert is a 5-star analyst with an average return of 16.3% and an 81.25% success rate. Dankert covers the Industrials sector, focusing on stocks such as MSC Industrial, Nordson, and Applied Industrial Technologies.
In addition to Loop Capital Markets, Nordson also received a Hold from Oppenheimer’s Christopher Glynn in a report issued on December 15. However, on December 19, D.A. Davidson maintained a Buy rating on Nordson (NASDAQ: NDSN).
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NDSN market cap is currently $14.78B and has a P/E ratio of 30.64.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NDSN in relation to earlier this year. Last month, Lovass Stephen, the EVP of NDSN sold 3,784.00 shares for a total of $875,390.56.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nordson (NDSN) Company Description:
Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through three segments: Adhesive Dispensing, Advanced Technology, and Industrial Coating Systems. The Adhesive Dispensing Systems segment delivers its dispensing and processing technology to diverse markets for applications. This segment provides packaging, polymer processing and product assembly services. The Advanced Technology Systems segment offers electronic systems, fluid management, test and inspection services. The Industrial Coating Systems segment provides standard and highly-customized equipment used primarily for applying coatings, paint, finishes, sealants and other material. This segment provides cold materials, container coating, liquid finishing, powder coating, curing and drying systems. The company was founded by Eric T. Nord, Evan W. Nord and Walter G. Nord in 1954 and is headquartered in Westlake, OH.
Read More on NDSN:
- Nordson price target raised to $290 from $275 at DA Davidson
- Nordson (NASDAQ:NDSN) Posts Impressive Q4 Results; Top Analyst Remains Bullish
- Nordson sees Q1 adjusted EPS $2.00-$2.10, consensus $1.99
- Nordson reports Q4 adjusted EPS $2.46, consensus $2.39
- Options Volatility and Implied Earnings Moves Today, December 13, 2023
