Stock of the Day: After Touching All-Time High, Is Nordson Corporation’s Near-Term Analysis Positive?

Stock of the Day: After Touching All Time High, Is Nordson Corporation's Near Term Analysis Positive?

The stock of Nordson Corporation (NASDAQ:NDSN) reached all time high today, Nov, 24 and still has $114.25 target or 4.00% above today’s $109.86 share price. This indicates more upside for the $6.35B company. This technical setup was reported by Barchart.com. If the $114.25 PT is reached, the company will be worth $254.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.92% or $1 on November 23, hitting $109.86. About 270,517 shares traded hands or 13.55% up from the average. Nordson Corporation (NASDAQ:NDSN) has risen 39.08% since April 22, 2016 and is uptrending. It has outperformed by 33.67% 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 $71.67M for 22.15 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.

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. The stock of Nordson Corporation (NASDAQ:NDSN) has “Sector Perform” rating given on Wednesday, November 18 by RBC Capital Markets. On Tuesday, May 10 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”. The rating was maintained by Barrington Research on Monday, August 24 with “Outperform”. Barrington Research maintained Nordson Corporation (NASDAQ:NDSN) rating on Tuesday, August 23. Barrington Research has “Outperform” rating and $110 price target. Gabelli initiated Nordson Corporation (NASDAQ:NDSN) rating on Friday, June 10. Gabelli has “Buy” rating and $100 price target. The stock of Nordson Corporation (NASDAQ:NDSN) earned “Buy” rating by SunTrust on Tuesday, November 3. Robert W. Baird maintained Nordson Corporation (NASDAQ:NDSN) on Wednesday, August 24 with “Neutral” rating. The stock of Nordson Corporation (NASDAQ:NDSN) has “Buy” rating given on Thursday, January 7 by Wunderlich. The company was maintained on Wednesday, August 24 by SunTrust. The rating was downgraded by Oppenheimer on Wednesday, August 24 to “Perform”.

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 decreased to 1.11 in 2016 Q2. Its down 0.42, from 1.53 in 2016Q1. The ratio is negative, 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.
Goldman Sachs has invested 0% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Geode Mngmt Limited Liability holds 0.02% or 356,941 shares in its portfolio. Bryn Mawr Tru holds 0.39% or 72,590 shares in its portfolio. Calvert Investment Management Incorporated holds 3,799 shares or 0.02% of its portfolio. Janney Montgomery Scott Lc holds 0.01% of its portfolio in Nordson Corporation (NASDAQ:NDSN) for 7,963 shares. The Illinois-based Envestnet Asset Management Inc has invested 0.01% in Nordson Corporation (NASDAQ:NDSN). Massachusetts Financial Serv Company Ma holds 0.1% or 2.41 million shares in its portfolio. Tudor Investment Corporation Et Al holds 7,100 shares or 0.01% of its portfolio. Eqis Cap Management owns 2,778 shares or 0.02% of their US portfolio. Fiera Cap has invested 0.26% of its portfolio in Nordson Corporation (NASDAQ:NDSN). The Utah-based Utah Retirement has invested 0.02% in Nordson Corporation (NASDAQ:NDSN). Winslow Asset Management reported 123,306 shares or 2.31% of all its holdings. The Massachusetts-based Btim Corp has invested 0.35% in Nordson Corporation (NASDAQ:NDSN). Robeco Institutional Asset Bv holds 5,141 shares or 0% of its portfolio. Southernsun Asset Mgmt Limited Com has 745,841 shares for 1.64% of their US portfolio.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 7 insider sales for $6.35 million net activity. Pembroke Jeffrey A had sold 2,600 shares worth $231,400 on Friday, May 27. 3,532 Nordson Corporation (NASDAQ:NDSN) shares with value of $349,668 were sold by BLOOMFIELD DOUGLAS C. DeVries James E sold 5,000 shares worth $440,100. MERK GREGORY P sold $1.98 million worth of stock or 19,800 shares. $273,187 worth of shares were sold by KEANE JOHN J on Thursday, May 26. $803,979 worth of Nordson Corporation (NASDAQ:NDSN) was sold by THAXTON GREGORY A on Thursday, August 25. On Friday, May 27 the insider PUMA MARY G sold $294,192.

More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Businesswire.com which released: “Nordson Corporation Announces Earnings Release and Webcast for Fourth Quarter …” on November 22, 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: 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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