Nordson Co. (NASDAQ:NDSN) – Research analysts at Seaport Global Securities lifted their Q2 2018 earnings per share estimates for Nordson in a report released on Friday, Zacks Investment Research reports. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings of $1.51 per share for the quarter, up from their previous forecast of $1.46. Seaport Global Securities also issued estimates for Nordson’s Q3 2018 earnings at $1.88 EPS and Q4 2018 earnings at $1.63 EPS.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. The business 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%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS.
NDSN has been the subject of several other research reports. Zacks Investment Research raised shares of Nordson from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Robert W. Baird reissued a “hold” rating and set a $138.00 price target on shares of Nordson in a research report on Wednesday, October 4th. Gabelli cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. KeyCorp reissued a “buy” rating and set a $145.00 price target on shares of Nordson in a research report on Sunday, November 19th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Nordson currently has a consensus rating of “Buy” and an average target price of $147.40.
Shares of Nordson (NDSN) opened at $147.43 on Monday. The firm has a market cap of $8,510.00, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a current ratio of 1.37, a quick ratio of 0.96 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 have recently modified their holdings of NDSN. Janus Henderson Group PLC bought a new position in shares of Nordson in the 2nd quarter worth about $158,781,000. Atlanta Capital Management Co. L L C increased its stake in shares of Nordson by 91.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after acquiring an additional 848,006 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Nordson in the 2nd quarter worth about $75,388,000. Koch Industries Inc. bought a new position in shares of Nordson in the 2nd quarter worth about $425,000. Finally, Principal Financial Group Inc. increased its stake in shares of Nordson by 93.9% in the 2nd quarter. Principal Financial Group Inc. now owns 773,058 shares of the industrial products company’s stock worth $93,786,000 after acquiring an additional 374,363 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.
In other news, insider Gregory A. Thaxton sold 3,868 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $148.28, for a total value of $573,547.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert E. Veillette sold 1,594 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total transaction of $226,650.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,322 shares of company stock valued at $9,919,654. Corporate insiders own 2.15% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. Nordson’s dividend payout ratio 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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