Exclusive: After Making 52-Week High, Is Nordson Corporation’s Near-Term Analysis Positive?

Exclusive: After Making 52 Week High, Is Nordson Corporation's Near Term Analysis Positive?

The stock of Nordson Corporation (NASDAQ:NDSN) hit a new 52-week high and has $134.20 target or 27.00% above today’s $105.67 share price. The 7 months bullish chart indicates low risk for the $6.18B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $134.20 price target is reached, the company will be worth $1.67B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 371,377 shares traded hands or 56.42% up from the average. Nordson Corporation (NASDAQ:NDSN) has risen 37.33% since April 11, 2016 and is uptrending. It has outperformed by 31.18% the S&P500.

Nordson Corporation (NASDAQ:NDSN) Ratings Coverage

Out of 9 analysts covering Nordson (NASDAQ:NDSN), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Nordson has been the topic of 21 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Wunderlich maintained the shares of NDSN in a report on Monday, December 14 with “Hold” rating. The stock of Nordson Corporation (NASDAQ:NDSN) earned “Sector Perform” rating by RBC Capital Markets on Monday, December 14. The firm has “Perform” rating by Oppenheimer given on Wednesday, August 24. The rating was initiated by SunTrust with “Buy” on Tuesday, November 3. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Tuesday, May 10 report. The firm earned “Outperform” rating on Monday, August 24 by Barrington Research. The firm has “Outperform” rating given on Monday, August 24 by Oppenheimer. The firm has “Hold” rating given on Friday, August 21 by Wunderlich. The stock of Nordson Corporation (NASDAQ:NDSN) has “Buy” rating given on Wednesday, August 24 by SunTrust. Robert W. Baird maintained the stock with “Neutral” rating in Wednesday, August 24 report.

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.”

Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.33, from 1.2 in 2016Q1. The ratio is positive, as 15 funds sold all Nordson Corporation shares owned while 72 reduced positions. 39 funds bought stakes while 94 increased positions. They now own 36.52 million shares or 5.12% less from 38.50 million shares in 2016Q1.
Diam Communication Ltd has 44,242 shares for 0.05% of their US portfolio. Nationwide Fund owns 90,893 shares or 0.03% of their US portfolio. Creative Planning last reported 0% of its portfolio in the stock. Brc Inv Mgmt last reported 7,974 shares in the company. Comml Bank Of Montreal Can accumulated 0% or 10,665 shares. Tower Limited Liability (Trc) has 2,340 shares for 0.02% of their US portfolio. Parametric Associates Llc last reported 48,489 shares in the company. Alliancebernstein Lp accumulated 853,887 shares or 0.06% of the stock. Teachers Retirement Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. World Asset Mngmt holds 2,617 shares or 0.01% of its portfolio. Moreover, Barclays Public Limited has 0% invested in Nordson Corporation (NASDAQ:NDSN) for 4,238 shares. Copeland Cap Ltd Liability Com has invested 0.63% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Geode Capital Lc holds 0.02% or 356,941 shares in its portfolio. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.14% in Nordson Corporation (NASDAQ:NDSN). Sii Wi, a Wisconsin-based fund reported 20,672 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 12 insider sales for $8.08 million net activity. $440,100 worth of Nordson Corporation (NASDAQ:NDSN) shares were sold by DeVries James E. 5,400 shares were sold by PEET SHELLY, worth $538,378. MERK GREGORY P sold $1.67M worth of stock. Another trade for 3,532 shares valued at $349,668 was sold by BLOOMFIELD DOUGLAS C. Shares for $433,038 were sold by Hilton Michael F. VEILLETTE ROBERT E sold $570,155 worth of stock. PUMA MARY G had sold 3,334 shares worth $294,192.

More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Fool.com which released: “Nordson Corporation Cements Another Great Quarter” on August 23, 2016, also Fool.com with their article: “Why Nordson Corporation Stock Popped Today” published on May 24, 2016, Businesswire.com published: “Nordson Corporation and Nordson Corporation Foundation Give $8.2 Million to …” on November 04, 2016. More interesting news about Nordson Corporation (NASDAQ:NDSN) were released by: Fool.com and their article: “Nordson Corporation Glues Together a Solid Earnings Beat” published on May 23, 2016 as well as Fool.com‘s news article titled: “4 Things to Watch When Nordson Corporation Reports” with publication date: December 08, 2015.

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.

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