Loop Capital Markets analyst Chris Dankert maintained a Hold rating on Nordson (NDSN – Research Report) today and set a price target of $255.00. The company’s shares closed last Friday at $273.71.
Dankert covers the Industrials sector, focusing on stocks such as Fastenal Company, Nordson, and MSC Industrial. According to TipRanks, Dankert has an average return of 18.6% and an 83.33% success rate on recommended stocks.
In addition to Loop Capital Markets, Nordson also received a Hold from KeyBanc’s Jeffrey Hammond in a report issued today. However, on February 22, Wells Fargo maintained a Buy rating on Nordson (NASDAQ: NDSN).
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The company has a one-year high of $275.67 and a one-year low of $200.31. Currently, Nordson has an average volume of 226.3K.
Based on the recent corporate insider activity of 69 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, Srinivas Subramanian, the EVP of NDSN sold 3,500.00 shares for a total of $876,659.00.
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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.
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