Oppenheimer Reiterates “Hold” Rating for Nordson Corp (NASDAQ:NDSN) stock. What’s the Best Move for Investors?

August 24, 2017 - By Vivian Currie

 Oppenheimer Reiterates

Investors sentiment increased to 1.29 in Q4 2016. Its up 0.18, from 1.11 in 2016Q3. It improved, as 17 investors sold Nordson Corporation shares while 93 reduced holdings. 52 funds opened positions while 90 raised stakes. 37.14 million shares or 0.83% more from 36.84 million shares in 2016Q3 were reported.

Insight Rech And Mngmt reported 19,530 shares. 25,458 are held by Rice Hall James & Associates Limited Liability Com. Bnp Paribas Arbitrage Sa invested 0.01% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Riverhead Cap Mngmt Ltd Liability invested 0.02% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Evercore Wealth Management holds 4,023 shares. Kennedy Mngmt Incorporated holds 0.21% of its portfolio in Nordson Corporation (NASDAQ:NDSN) for 106,364 shares. Century Capital Management Lc has 25,552 shares. Morgan Stanley invested 0.01% in Nordson Corporation (NASDAQ:NDSN). Mcdaniel Terry Communications owns 6.47% invested in Nordson Corporation (NASDAQ:NDSN) for 277,991 shares. Capstone Inv Advsrs Lc holds 0.05% or 14,617 shares in its portfolio. Renaissance Technology Ltd accumulated 214,014 shares. 99,700 were reported by Sandler Cap Management. Archford Capital Strategies Limited Liability invested in 25 shares. Jpmorgan Chase & has invested 0% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Ellington Mgmt Llc stated it has 7,000 shares or 0.12% of all its holdings.

Since March 2, 2017, it had 0 insider purchases, and 3 sales for $3.60 million activity. PEET SHELLY had sold 2,650 shares worth $329,157. Pembroke Jeffrey A sold $344,100 worth of stock. The insider KEANE JOHN J sold 23,600 shares worth $2.92 million.

Nordson Corp (NASDAQ:NDSN) Rating Reaffirmed

Nordson Corp (NASDAQ:NDSN) has had their stock rating noted as a solid “Hold” by professional analysts at Oppenheimer. This was shown in a report on Tuesday morning.

Investors sentiment increased to 1.29 in Q4 2016. Its up 0.18, from 1.11 in 2016Q3. It improved, as 17 investors sold Nordson Corporation shares while 93 reduced holdings. 52 funds opened positions while 90 raised stakes. 37.14 million shares or 0.83% more from 36.84 million shares in 2016Q3 were reported.

Insight Rech And Mngmt reported 19,530 shares. 25,458 are held by Rice Hall James & Associates Limited Liability Com. Bnp Paribas Arbitrage Sa invested 0.01% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Riverhead Cap Mngmt Ltd Liability invested 0.02% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Evercore Wealth Management holds 4,023 shares. Kennedy Mngmt Incorporated holds 0.21% of its portfolio in Nordson Corporation (NASDAQ:NDSN) for 106,364 shares. Century Capital Management Lc has 25,552 shares. Morgan Stanley invested 0.01% in Nordson Corporation (NASDAQ:NDSN). Mcdaniel Terry Communications owns 6.47% invested in Nordson Corporation (NASDAQ:NDSN) for 277,991 shares. Capstone Inv Advsrs Lc holds 0.05% or 14,617 shares in its portfolio. Renaissance Technology Ltd accumulated 214,014 shares. 99,700 were reported by Sandler Cap Management. Archford Capital Strategies Limited Liability invested in 25 shares. Jpmorgan Chase & has invested 0% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Ellington Mgmt Llc stated it has 7,000 shares or 0.12% of all its holdings.

Since March 2, 2017, it had 0 insider purchases, and 3 sales for $3.60 million activity. PEET SHELLY had sold 2,650 shares worth $329,157. Pembroke Jeffrey A sold $344,100 worth of stock. The insider KEANE JOHN J sold 23,600 shares worth $2.92 million.

Nordson Corporation (NASDAQ:NDSN) Ratings Coverage

Among 9 analysts covering Nordson (NASDAQ:NDSN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Nordson has $135 highest and $69 lowest target. $108.38’s average target is -0.50% below currents $108.92 stock price. Nordson had 27 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, December 14. The firm has “Hold” rating by Oppenheimer given on Tuesday, August 22. Wunderlich upgraded the shares of NDSN in report on Thursday, January 7 to “Buy” rating. The firm has “Outperform” rating by Barrington Research given on Monday, August 24. Gabelli initiated the stock with “Buy” rating in Friday, June 10 report. KeyBanc Capital Markets upgraded the shares of NDSN in report on Wednesday, February 15 to “Overweight” rating. The firm earned “Sector Perform” rating on Wednesday, February 24 by RBC Capital Markets. The stock of Nordson Corporation (NASDAQ:NDSN) has “Sector Perform” rating given on Wednesday, August 24 by RBC Capital Markets. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, August 24. The firm has “Buy” rating by SunTrust given on Tuesday, November 3.

About 144,897 shares traded. Nordson Corporation (NASDAQ:NDSN) has risen 72.22% since August 24, 2016 and is uptrending. It has outperformed by 55.52% the S&P500.

Investors wait Nordson Corporation (NASDAQ:NDSN) to report on August, 28. its quarterly earnings Wall Street analysts expect $1.67 EPS, up $0.20 or 13.61 % from last year’s $1.47 same quarter earnings. This translates into $96.24M profit for NDSN giving the stock a 16.31 P/E. This is assuming the current $1.67 EPS is accurate. Nordson Corporation’s Wall Street analysts see 23.70 % EPS growth, taking into account the $1.35 EPS reproted in the previous quarter,

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 market cap of $6.28 billion. The Company’s divisions include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems. It has a 21.81 P/E ratio. The Adhesive Dispensing Systems segment delivers its precision dispensing and processing technology to various markets.

More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Seekingalpha.com which released: “Nordson’s (NDSN) CEO Mike Hilton on Q3 2017 Results – Earnings Call Transcript” on August 22, 2017, also Seekingalpha.com with their article: “Seal Your Portfolio With Nordson” published on August 04, 2017, Businesswire.com published: “Nordson Corporation Announces Earnings Release and Webcast for Third Quarter …” on July 28, 2017. More interesting news about Nordson Corporation (NASDAQ:NDSN) were released by: Fool.com and their article: “Why Nordson Corporation Stock Just Slumped 9%” published on August 22, 2017 as well as Nasdaq.com‘s news article titled: “Nordson Corporation (NDSN) Ex-Dividend Date Scheduled for August 18, 2017” with publication date: August 17, 2017.

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