Nordson Corporation (NDSN) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on May 31, 2016.
Many Wall Street Analysts have commented on Nordson Corporation. Company shares were Reiterated by RBC Capital Mkts on May 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $74 .Company shares were Reiterated by Barrington Research on May 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 102 from a previous price target of $82 .Nordson Corporation was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 10, 2016.
On the company’s financial health, Nordson Corporation reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on May 23, 2016. Analyst had a consensus of $0.92. The company had revenue of $437.60 million for the quarter, compared to analysts expectations of $415.53 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Nordson Corporation opened for trading at $87.39 and hit $89.2 on the upside on Friday, eventually ending the session at $88.47, with a gain of 0.39% or 0.34 points. The heightened volatility saw the trading volume jump to 4,79,889 shares. Company has a market cap of $5,042 M.
In a different news, on Oct 19, 2015, James E Devries (Vice President) sold 5,400 shares at $67.10 per share price. According to the SEC, on Oct 9, 2015, Gregory A Thaxton (Senior Vice President, CFO) sold 5,625 shares at $67.72 per share price. On Jul 1, 2015, John J Keane (Senior Vice President) sold 3,000 shares at $78.39 per share price, according to the Form-4 filing with the securities and exchange commission.
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 three segments: Adhesive Dispensing Systems which 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; Advanced Technology Systems which integrates its product technologies found in progressive stages of a customer’s production process and Industrial Coating Systems which provides both standard and highly-customized equipment used for applying coatings paint finishes sealants and other materials and for curing and drying of dispensed material.