Nordson Co. (NASDAQ:NDSN) – Equities research analysts at Seaport Global Securities reduced their Q4 2018 earnings per share (EPS) estimates for Nordson in a report issued on Tuesday, May 22nd. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will earn $1.45 per share for the quarter, down from their previous forecast of $1.63. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Nordson’s Q1 2019 earnings at $1.44 EPS, Q2 2019 earnings at $1.60 EPS, Q4 2019 earnings at $1.58 EPS and FY2019 earnings at $6.40 EPS.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 21st. The industrial products company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Nordson had a net margin of 16.63% and a return on equity of 28.97%. The firm had revenue of $553.70 million during the quarter, compared to analysts’ expectations of $551.98 million. During the same quarter in the previous year, the company posted $1.35 EPS. Nordson’s revenue was up 11.6% on a year-over-year basis.
Other research analysts have also recently issued research reports about the stock. Wells Fargo & Co set a $135.00 price objective on shares of Nordson and gave the stock a “hold” rating in a research report on Wednesday. Robert W. Baird reiterated a “hold” rating and set a $157.00 target price on shares of Nordson in a research report on Wednesday, April 4th. DA Davidson assumed coverage on shares of Nordson in a research report on Wednesday, February 21st. They set a “buy” rating and a $160.00 target price for the company. B. Riley dropped their target price on shares of Nordson from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Nordson from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Wednesday, May 16th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $153.60.
Nordson opened at $127.56 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.07. Nordson has a fifty-two week low of $107.16 and a fifty-two week high of $151.84. The company has a market capitalization of $7.36 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.53 and a beta of 1.29.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its position in shares of Nordson by 972.7% in the 4th quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after buying an additional 963 shares in the last quarter. CI Global Investments Inc. increased its position in shares of Nordson by 1,721.4% in the 1st quarter. CI Global Investments Inc. now owns 1,275 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,205 shares in the last quarter. Sapphire Star Partners LP bought a new stake in shares of Nordson in the 4th quarter valued at $212,000. Sequoia Financial Advisors LLC bought a new stake in shares of Nordson in the 4th quarter valued at $213,000. Finally, MML Investors Services LLC bought a new stake in shares of Nordson in the 4th quarter valued at $214,000. Institutional investors and hedge funds own 66.11% of the company’s stock.
In related news, CEO Michael F. Hilton sold 55,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $138.18, for a total value of $7,599,900.00. Following the completion of the sale, the chief executive officer now owns 241,274 shares in the company, valued at approximately $33,339,241.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael F. Hilton sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $137.11, for a total transaction of $6,855,500.00. Following the completion of the sale, the chief executive officer now owns 225,774 shares of the company’s stock, valued at approximately $30,955,873.14. The disclosure for this sale can be found here. Insiders own 2.01% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, May 25th. Nordson’s payout ratio is 22.35%.
Nordson Company Profile
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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