Nordson Co. (NASDAQ:NDSN) – Equities research analysts at Gabelli reduced their FY2017 earnings per share estimates for shares of Nordson in a report issued on Wednesday. Gabelli analyst M. Trusz now forecasts that the industrial products company will post earnings of $5.50 per share for the year, down from their previous estimate of $5.55. Gabelli also issued estimates for Nordson’s FY2018 earnings at $6.25 EPS.
Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. Nordson had a return on equity of 35.20% and a net margin of 15.03%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share.
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Several other research analysts have also issued reports on the company. Zacks Investment Research raised Nordson from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Wednesday, April 19th. Seaport Global Securities raised Nordson from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Nordson in a research report on Tuesday, February 28th. Barrington Research raised their price objective on Nordson from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Finally, KeyCorp raised Nordson from a “sector weight” rating to an “overweight” rating and set a $135.00 price objective for the company in a research report on Tuesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $114.09.
Shares of Nordson (NASDAQ:NDSN) opened at 119.53 on Friday. The company has a market cap of $6.88 billion, a P/E ratio of 24.57 and a beta of 1.26. Nordson has a 12-month low of $78.16 and a 12-month high of $131.49. The stock’s 50 day moving average price is $124.97 and its 200 day moving average price is $117.68.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 25th. Nordson’s dividend payout ratio (DPR) is presently 22.88%.
In related news, insider John J. Keane sold 23,600 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was 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 owns 81,086 shares of the company’s stock, valued at approximately $10,044,933.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.15% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of NDSN. Ancora Advisors LLC acquired a new stake in shares of Nordson during the fourth quarter valued at approximately $111,000. TrimTabs Asset Management LLC acquired a new stake in shares of Nordson during the first quarter valued at approximately $126,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Nordson by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the industrial products company’s stock valued at $164,000 after buying an additional 435 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Nordson by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock valued at $171,000 after buying an additional 430 shares in the last quarter. Finally, Pacad Investment Ltd. increased its stake in shares of Nordson by 14.3% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $179,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 64.61% of the company’s stock.
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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