Notable Runner: Nordson Corp (NASDAQ:NDSN) Stock Price Gains While Sentiment Increases

December 1, 2016 - By kentuckypostne   ·   0 Comments

Notable Runner: Nordson Corp (NASDAQ:NDSN) Stock Price Gains While Sentiment  Increases

Sentiment for Nordson Corp (NASDAQ:NDSN)

Nordson Corp (NASDAQ:NDSN) institutional sentiment decreased to 1.11 in Q2 2016. Its down -0.42, from 1.53 in 2016Q1. The ratio turned negative, as 133 active investment managers increased and started new equity positions, while 87 sold and trimmed holdings in Nordson Corp. The active investment managers in our partner’s database now own: 36.52 million shares, down from 38.50 million shares in 2016Q1. Also, the number of active investment managers holding Nordson Corp in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 15 Reduced: 72 Increased: 94 New Position: 39.

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 $6.08 billion.

About 69,352 shares traded hands. Nordson Corporation (NASDAQ:NDSN) has risen 37.98% since April 28, 2016 and is uptrending. It has outperformed by 32.06% 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 $70.30M for 21.62 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.

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.”

Mcdaniel Terry & Co holds 5.26% of its portfolio in Nordson Corporation for 280,091 shares. Winslow Asset Management Inc owns 123,306 shares or 2.31% of their US portfolio. Moreover, Roffman Miller Associates Inc Pa has 2.04% invested in the company for 149,028 shares. The California-based Sensato Investors Llc has invested 1.64% in the stock. Southernsun Asset Management Llc, a Tennessee-based fund reported 745,841 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 6 sales for $5.78 million net activity.

Nordson Corporation (NASDAQ:NDSN) Ratings Coverage

Ratings analysis reveals 56% of Nordson’s analysts are positive. Out of 9 Wall Street analysts rating Nordson, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $69 while the high is $115. The stock’s average target of $105.25 is -1.86% below today’s ($107.24) share price. NDSN was included in 21 notes of analysts from August 21, 2015. On Wednesday, August 24 the stock rating was maintained by Seaport Global with “”. The firm earned “Neutral” rating on Wednesday, August 24 by Robert W. Baird. The company was maintained on Wednesday, August 24 by RBC Capital Markets. Oppenheimer maintained Nordson Corporation (NASDAQ:NDSN) on Monday, August 24 with “Outperform” rating. The stock of Nordson Corporation (NASDAQ:NDSN) has “Sector Perform” rating given on Monday, December 14 by RBC Capital Markets. As per Tuesday, August 23, the company rating was maintained by Wunderlich. The rating was initiated by KeyBanc Capital Markets on Tuesday, May 10 with “Sector Weight”. The firm earned “Buy” rating on Wednesday, August 24 by SunTrust. The company was initiated on Tuesday, November 3 by Suntrust Robinson. The firm has “Hold” rating given on Monday, December 14 by Wunderlich.

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.

More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Businesswire.com which released: “Nordson Corporation Board of Directors Elects Stephen P. Lovass as Corporate …” on November 28, 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: Businesswire.com and their article: “Nordson Corporation Announces Earnings Release and Webcast for Fourth Quarter …” published on November 22, 2016 as well as Fool.com‘s news article titled: “Nordson Corporation Glues Together a Solid Earnings Beat” with publication date: May 23, 2016.

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