Nordson (NASDAQ:NDSN) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Nordson (NASDAQ:NDSN – Get Rating) announced its quarterly earnings results on Monday. The industrial products company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.14, MarketWatch Earnings reports. Nordson had a net margin of 20.34% and a return on equity of 23.76%. The business had revenue of $635.40 million for the quarter, compared to analysts’ expectations of $644.90 million. During the same quarter last year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year.

NASDAQ NDSN opened at $210.86 on Wednesday. Nordson has a 52-week low of $201.51 and a 52-week high of $272.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 2.45. The company has a market capitalization of $12.22 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.75 and a beta of 0.94. The company has a fifty day moving average of $219.49 and a 200-day moving average of $235.08.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Tuesday, May 24th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.97%. Nordson’s dividend payout ratio (DPR) is currently 24.09%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Graham Capital Management L.P. lifted its stake in Nordson by 75.8% in the first quarter. Graham Capital Management L.P. now owns 2,235 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 964 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Nordson by 131.1% in the first quarter. Canada Pension Plan Investment Board now owns 2,200 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 1,248 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Nordson by 7.5% in the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 150 shares during the last quarter. Ethic Inc. raised its stake in shares of Nordson by 61.0% during the first quarter. Ethic Inc. now owns 2,041 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 773 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Nordson during the fourth quarter valued at about $382,000. 81.23% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. DA Davidson dropped their target price on shares of Nordson from $300.00 to $265.00 in a research report on Tuesday. Loop Capital initiated coverage on shares of Nordson in a research note on Tuesday, March 29th. They set a “hold” rating and a $250.00 price target for the company. Robert W. Baird decreased their price target on shares of Nordson from $266.00 to $243.00 in a research note on Wednesday. Finally, StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $268.33.

Nordson Company Profile (Get Rating)

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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