Nordson Co. (NASDAQ:NDSN) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Nordson in a research note issued to investors on Wednesday, Zacks Investment Research reports. KeyCorp analyst J. Hammond forecasts that the industrial products company will earn $1.33 per share for the quarter. KeyCorp has a “Buy” rating and a $165.00 price target on the stock.
Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. Nordson’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS.
A number of other equities analysts have also weighed in on NDSN. SunTrust Banks reiterated a “buy” rating and issued a $135.00 price target on shares of Nordson in a report on Friday, October 27th. Zacks Investment Research lowered shares of Nordson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and issued a $138.00 price target on shares of Nordson in a report on Wednesday, October 4th. B. Riley reiterated a “buy” rating and issued a $160.00 price target on shares of Nordson in a report on Wednesday, December 13th. Finally, BidaskClub lowered shares of Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $147.40.
Shares of Nordson (NDSN) opened at $147.43 on Monday. The company has a market cap of $8,510.00, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. Nordson has a 12 month low of $107.16 and a 12 month high of $151.84.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NDSN. The Manufacturers Life Insurance Company grew its position in shares of Nordson by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock valued at $9,601,000 after buying an additional 1,751 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Nordson by 4.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 416,003 shares of the industrial products company’s stock valued at $50,471,000 after purchasing an additional 19,044 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Nordson by 44.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,298 shares of the industrial products company’s stock valued at $3,190,000 after purchasing an additional 8,039 shares during the period. FMR LLC boosted its stake in Nordson by 26.9% during the 2nd quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock valued at $55,283,000 after purchasing an additional 96,598 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Nordson by 16.5% during the 2nd quarter. Pacer Advisors Inc. now owns 7,374 shares of the industrial products company’s stock valued at $895,000 after purchasing an additional 1,047 shares during the period. 65.67% of the stock is owned by institutional investors.
In other news, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelly Peet sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $148.90, for a total transaction of $2,233,500.00. Following the completion of the sale, the vice president now directly owns 29,170 shares of the company’s stock, valued at approximately $4,343,413. The disclosure for this sale can be found here. Insiders have sold a total of 66,322 shares of company stock worth $9,919,654 in the last ninety days. 2.15% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s dividend payout ratio (DPR) is 23.86%.
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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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