NEW YORK ( TheStreet) -- Nordson Corporation (Nasdaq: NDSN) hit a new 52-week high Wednesday as it traded at $113.05 compared with its previous 52-Week high of $100.25. Nordson is changing hands at $111.78 with 71,145 shares traded as of 9:32 a.m. ET. Average volume has been 179,100 shares over the past 30 days.

Nordson has a market cap of $3.4 billion and is part of the industrial goods sector and industrial industry. Shares are up 5% year to date as of the close of trading on Tuesday.

Nordson Corporation manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. The company has a P/E ratio of 20.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Nordson as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. 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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