Will Today’s D.A. Davidson Downgrade Harm Nordson Corp (NASDAQ:NDSN) Stock?

Nordson Corporation (NASDAQ:NDSN) Logo

Investors sentiment increased to 1.22 in Q2 2018. Its up 0.42, from 0.8 in 2018Q1. It is positive, as 28 investors sold Nordson Corporation shares while 76 reduced holdings. 35 funds opened positions while 92 raised stakes. 39.41 million shares or 3.79% more from 37.97 million shares in 2018Q1 were reported.

Skylands has invested 0.04% in Nordson Corporation (NASDAQ:NDSN). Ubs Asset Mngmt Americas Incorporated holds 0% or 82,278 shares in its portfolio. State Treasurer State Of Michigan has invested 0.02% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Liberty Mutual Gru Asset reported 10,180 shares. Timessquare Capital Ltd Liability Corp invested in 0.86% or 1.01M shares. Regions Fincl Corporation holds 0% or 1,572 shares in its portfolio. 4.91 million are owned by Vanguard Grp. Rhumbline Advisers has invested 0.03% of its portfolio in Nordson Corporation (NASDAQ:NDSN). Bryn Mawr has 0.54% invested in Nordson Corporation (NASDAQ:NDSN) for 75,720 shares. Employees Retirement Of Ohio holds 0.03% or 39,948 shares in its portfolio. Synovus Finance Corp invested 0.02% in Nordson Corporation (NASDAQ:NDSN). Wells Fargo & Mn holds 0.03% or 837,298 shares. Northern Trust holds 0.01% in Nordson Corporation (NASDAQ:NDSN) or 419,424 shares. King Luther Cap Mngmt Corporation has 5,375 shares for 0.01% of their portfolio. Winslow Asset Mngmt holds 2.5% in Nordson Corporation (NASDAQ:NDSN) or 104,891 shares.

Since September 19, 2018, it had 0 insider buys, and 2 sales for $1.05 million activity. On Wednesday, September 19 Hilton Michael F sold $617,340 worth of Nordson Corporation (NASDAQ:NDSN) or 4,269 shares.

Nordson Corp (NASDAQ:NDSN) Receives a Downgrade

New York-listed Nordson Corp (NASDAQ:NDSN) shares have been lowered by professional analysts at D.A. Davidson. D.A. Davidson lowered its rating on the $7.00B market capitalized firm to a “Hold”.

Nordson Corporation (NASDAQ:NDSN) Ratings Coverage

Among 2 analysts covering Nordson (NASDAQ:NDSN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Nordson had 2 analyst reports since November 27, 2018 according to SRatingsIntel. DA Davidson downgraded Nordson Corporation (NASDAQ:NDSN) on Thursday, November 29 to “Hold” rating. The stock of Nordson Corporation (NASDAQ:NDSN) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, November 27.

The stock increased 2.04% or $2.41 during the last trading session, reaching $120.41. About 407,368 shares traded or 82.10% up from the average. Nordson Corporation (NASDAQ:NDSN) has risen 27.47% since December 2, 2017 and is uptrending. It has outperformed by 11.85% the S&P500.

Analysts await Nordson Corporation (NASDAQ:NDSN) to report earnings on December, 12. They expect $1.48 earnings per share, up 7.25 % or $0.10 from last year’s $1.38 per share. NDSN’s profit will be $86.06M for 20.34 P/E if the $1.48 EPS becomes a reality. After $1.60 actual earnings per share reported by Nordson Corporation for the previous quarter, Wall Street now forecasts -7.50 % negative EPS growth.

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. The company has market cap of $7.00 billion. The Company’s Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for applying adhesives, lotions, liquids, and fibers to disposable products and continuous roll goods; and assembling plastic, metal, and wood products in paper and paperboard converting applications, as well as manufacturing continuous roll goods. It has a 19.11 P/E ratio. This segment also offers automated adhesive dispensing systems for packaged goods industries; and components and systems used in the thermoplastic melt stream.

More notable recent Nordson Corporation (NASDAQ:NDSN) news were published by: Nasdaq.com which released: “Nordson Corporation (NDSN) Ex-Dividend Date Scheduled for May 25, 2018 – Nasdaq” on May 24, 2018, also Nasdaq.com with their article: “Here’s Why You Must Hold on to Nordson (NDSN) Stock for Now – Nasdaq” published on August 23, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For November 27, 2018 – Benzinga” on November 27, 2018. More interesting news about Nordson Corporation (NASDAQ:NDSN) were released by: Seekingalpha.com and their article: “Dividend Champion Spotlight: Nordson Corporation – Seeking Alpha” published on September 25, 2018 as well as Nasdaq.com‘s news article titled: “After-Hours Earnings Report for August 20, 2018 : NDSN, FN, LTM – Nasdaq” with publication date: August 20, 2018.

Nordson Corporation (NASDAQ:NDSN) Institutional Positions Chart

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