Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of Nordson from a hold rating to a buy rating in a report on Thursday, April 18th. Zacks Investment Research upgraded shares of Nordson from a sell rating to a hold rating in a report on Wednesday, January 23rd. Finally, Oppenheimer increased their price objective on shares of Nordson from $150.00 to $155.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $143.00.
Shares of NDSN stock traded down $1.13 during trading hours on Tuesday, hitting $137.13. 6,065 shares of the company were exchanged, compared to its average volume of 157,146. The firm has a market cap of $7.91 billion, a P/E ratio of 23.07, a PEG ratio of 1.72 and a beta of 1.14. Nordson has a 1 year low of $110.16 and a 1 year high of $149.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.84.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.21). The company had revenue of $497.91 million for the quarter, compared to analysts’ expectations of $497.99 million. Nordson had a return on equity of 23.01% and a net margin of 14.59%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. Analysts expect that Nordson will post 6.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 24th. Nordson’s dividend payout ratio (DPR) is presently 23.57%.
In related news, VP Gina A. Beredo sold 700 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $137.26, for a total transaction of $96,082.00. Following the completion of the sale, the vice president now owns 6,208 shares of the company’s stock, valued at approximately $852,110.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory P. Merk sold 5,860 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $137.14, for a total transaction of $803,640.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,560 shares of company stock valued at $9,831,639. Corporate insiders own 1.97% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. CX Institutional acquired a new stake in Nordson during the 1st quarter worth approximately $30,000. Cordasco Financial Network acquired a new stake in Nordson in the first quarter valued at approximately $30,000. Doyle Wealth Management acquired a new stake in Nordson in the fourth quarter valued at approximately $30,000. Penserra Capital Management LLC acquired a new stake in Nordson in the fourth quarter valued at approximately $36,000. Finally, Zions Bancorporation N.A. acquired a new stake in Nordson in the first quarter valued at approximately $43,000. 70.50% of the stock is owned by hedge funds and other institutional investors.
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 worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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