Nordson Co. (NASDAQ:NDSN) – Analysts at SunTrust Banks issued their FY2019 earnings per share (EPS) estimates for shares of Nordson in a research note issued on Wednesday. SunTrust Banks analyst C. Brady expects that the industrial products company will post earnings per share of $6.48 for the year.
A number of other brokerages also recently weighed in on NDSN. Zacks Investment Research raised shares of Nordson from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Wednesday, April 19th. Barrington Research increased their price target on shares of Nordson from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $135.00 price target for the company in a report on Tuesday, February 14th. Finally, Seaport Global Securities raised shares of Nordson from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.09.
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Shares of Nordson (NASDAQ:NDSN) opened at 119.53 on Friday. The stock has a 50 day moving average of $124.97 and a 200 day moving average of $117.68. Nordson has a 52-week low of $78.16 and a 52-week high of $131.49. The company has a market cap of $6.88 billion, a P/E ratio of 24.57 and a beta of 1.26.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Nordson had a net margin of 15.03% and a return on equity of 35.20%. The firm had revenue of $496.14 million for the quarter, compared to analyst estimates of $470.12 million. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in NDSN. Copeland Capital Management LLC increased its position in Nordson by 78.7% in the third quarter. Copeland Capital Management LLC now owns 195,618 shares of the industrial products company’s stock worth $19,490,000 after buying an additional 86,134 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Nordson during the fourth quarter worth approximately $3,725,000. Advisory Research Inc. acquired a new position in Nordson during the fourth quarter worth approximately $1,570,000. Comerica Bank increased its position in Nordson by 5.0% in the fourth quarter. Comerica Bank now owns 47,720 shares of the industrial products company’s stock worth $5,419,000 after buying an additional 2,274 shares during the last quarter. Finally, Mcdaniel Terry & Co. increased its position in Nordson by 0.5% in the third quarter. Mcdaniel Terry & Co. now owns 281,571 shares of the industrial products company’s stock worth $28,053,000 after buying an additional 1,480 shares during the last quarter. 64.61% of the stock is owned by institutional investors.
In other news, insider John J. Keane sold 23,600 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $123.88, for a total transaction of $2,923,568.00. Following the completion of the transaction, the insider now directly owns 81,086 shares of the company’s stock, valued at approximately $10,044,933.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.15% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 25th. Nordson’s payout ratio is 22.88%.
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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