NEW YORK (

TheStreet

) --

Nordson Corporation

(Nasdaq:

NDSN

) hit a new 52-week high Monday as it traded at $115.70 compared with its previous 52-Week high of $113.79. Nordson is changing hands at $113.68 with 3,810 shares traded as of 9:31 a.m. ET. Average volume has been 187,400 shares over the past 30 days.

Nordson has a market cap of $3.7 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 22.4% year to date as of the close of trading on Friday.

Nordson Corporation manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. The company has a P/E ratio of 20.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Nordson as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Nordson Ratings Report

.

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