Nordson Corporation (NDSN) is Initiated by Gabelli & Co to Buy, Price Target at $100

Nordson Corporation (NDSN) was Initiated by Gabelli & Co to “Buy” and the brokerage firm has set the Price Target at $100. Gabelli & Co advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Nordson Corporation. Nordson Corporation was Downgraded by Sidoti to ” Neutral” on May 31, 2016. 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 .

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 closed down -0.84 points or -0.96% at $86.96 with 4,76,651 shares getting traded on Thursday. Post opening the session at $87.01, the shares hit an intraday low of $86.7 and an intraday high of $88.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 2, 2016, Robert E Veillette (VP, General Counsel & Sec) sold 6,500 shares at $87.78 per share price. According to the SEC, on Jun 1, 2016, Jeffrey A Pembroke (Vice President) sold 2,600 shares at $89.00 per share price. On May 31, 2016, John J Keane (Senior Vice President) sold 3,120 shares at $87.56 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.

Nordson Corporation

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