Sales and profits continue to set records at Nordson Corp. (NASDAQ:NDSN) a global maker of precision dispensing equipment for applying industrial coatings, including liquid and powder coatings, adhesives, and sealants. For the fiscal quarter ending April 30, sales were $417 million, a 9 percent increase of the second quarter of 2013. About 4 percent of the increase was organic growth, the other 5 percent due to Nordson’s acquiring other companies. Nordson Corporation (NASDAQ:NDSN) net profit margin is 13.80% and weekly performance is 9.32%. On last trading day company shares ended up $81.86. Analysts mean target price for the company is $77.44. Nordson Corporation (NASDAQ:NDSN) distance from 50-day simple moving average (SMA50) is 12.82%.
On May 13, 2014, as previously indicated, the Board of Directors of The Timken Company (NYSE:TKR) elected Richard G. Kyle, age 48, as President and Chief Executive Officer of the Company, effective immediately. Mr. Kyle had served as Chief Operating Officer. Timken Co (NYSE:TKR) shares advanced 2.39% in last trading session and ended the day on $64.16. TKR gross Margin is 25.40% and its return on assets is 8.00%.Timken Co (NYSE:TKR) quarterly performance is 8.87%.
Columbus McKinnon Corp. (NASDAQ:CMCO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday. Columbus McKinnon Corp. (NASDAQ:CMCO) shares moved up 1.54% in last trading session and was closed at $30.30, while trading in range of $29.59 – $30.98. Columbus McKinnon Corp. (NASDAQ:CMCO) year to date (YTD) performance is 11.81%.
Tower Group International Ltd. (NYSE:TOWR) the insurer that agreed to be bought by ACP Re Ltd. amid a stock plunge, hired Greenhill & Co. to provide advice on repaying debt if the takeover collapses. Tower hired the bank as the Massachusetts Department of Insurance demanded a preliminary operations plan by June 1, the Bermuda-based insurer said in a regulatory filing. Tower International Inc. (NYSE:TOWR) ended the last trading day at $30.40. Company weekly volatility is calculated as 3.50% and price to cash ratio as 3.38.Tower International Inc. (NYSE:TOWR) showed a positive weekly performance of 8.49%.