Nordson Co. (NASDAQ:NDSN) – Oppenheimer upped their FY2019 earnings per share (EPS) estimates for shares of Nordson in a research note issued to investors on Sunday, according to Zacks Investment Research. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will earn $7.05 per share for the year, up from their prior forecast of $6.70. Oppenheimer currently has a “Hold” rating on the stock.
A number of other equities research analysts have also recently issued reports on NDSN. KeyCorp restated a “buy” rating and set a $145.00 price target on shares of Nordson in a report on Sunday, November 19th. Zacks Investment Research lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. BidaskClub lowered shares of Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. B. Riley reaffirmed a “buy” rating and set a $160.00 price objective on shares of Nordson in a research report on Wednesday, December 13th. Finally, Gabelli lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $152.40.
Nordson (NASDAQ:NDSN) traded down $0.86 during mid-day trading on Tuesday, reaching $139.24. 87,673 shares of the company’s stock were exchanged, compared to its average volume of 252,024. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.52 and a quick ratio of 1.07. Nordson has a one year low of $107.16 and a one year high of $151.84. The company has a market capitalization of $8,098.20, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.01. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The company had revenue of $550.42 million during the quarter, compared to analysts’ expectations of $538.21 million. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up 35.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, February 16th. Nordson’s dividend payout ratio (DPR) is presently 20.00%.
In related news, VP Robert E. Veillette sold 1,594 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael F. Hilton sold 55,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the completion of the transaction, the chief executive officer now directly owns 241,274 shares of the company’s stock, valued at approximately $33,339,241.32. The disclosure for this sale can be found here. Insiders sold 189,597 shares of company stock valued at $27,078,980 in the last three months. Company insiders own 2.01% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in Nordson by 10.3% during the third quarter. Advisors Asset Management Inc. now owns 4,974 shares of the industrial products company’s stock worth $589,000 after buying an additional 464 shares during the last quarter. Eaton Vance Management grew its stake in Nordson by 4.5% during the fourth quarter. Eaton Vance Management now owns 11,573 shares of the industrial products company’s stock worth $1,694,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank grew its stake in Nordson by 5.6% during the fourth quarter. Amalgamated Bank now owns 12,030 shares of the industrial products company’s stock worth $1,761,000 after buying an additional 634 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of Nordson by 13.6% during the third quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock valued at $668,000 after purchasing an additional 657 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of Nordson by 8.0% during the fourth quarter. Dupont Capital Management Corp now owns 9,170 shares of the industrial products company’s stock valued at $1,342,000 after purchasing an additional 676 shares during the last quarter. 66.70% of the stock is currently owned by hedge funds and other institutional investors.
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Nordson Company Profile
Nordson Corporation engineers, manufactures 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 Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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