Nordson Co. (NDSN) Expected to Post Q3 2018 Earnings of $1.92 Per Share

Nordson Co. (NASDAQ:NDSN) – Equities researchers at SunTrust Banks lifted their Q3 2018 earnings estimates for Nordson in a note issued to investors on Friday, according to Zacks Investment Research. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will earn $1.92 per share for the quarter, up from their previous estimate of $1.90. SunTrust Banks currently has a “Buy” rating and a $166.00 target price on the stock. SunTrust Banks also issued estimates for Nordson’s Q1 2019 earnings at $1.24 EPS and FY2020 earnings at $7.24 EPS.

A number of other research firms have also commented on NDSN. Barrington Research reaffirmed a “market perform” rating on shares of Nordson in a research note on Tuesday. KeyCorp reissued a “buy” rating and issued a $165.00 price target (up from $145.00) on shares of Nordson in a research note on Wednesday, January 3rd. Gabelli lowered Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Oppenheimer reissued a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Finally, Zacks Investment Research raised Nordson from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Nordson has a consensus rating of “Buy” and an average target price of $147.40.

Shares of Nordson (NASDAQ:NDSN) opened at $147.43 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $8,510.00, a price-to-earnings ratio of 29.31, a P/E/G ratio of 1.62 and a beta of 1.39. Nordson has a 52 week low of $107.16 and a 52 week high of $151.84.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. The business had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share.

Several institutional investors have recently added to or reduced their stakes in NDSN. Janus Henderson Group PLC purchased a new position in shares of Nordson in the 2nd quarter worth about $158,781,000. Atlanta Capital Management Co. L L C raised its holdings in shares of Nordson by 91.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock valued at $215,658,000 after buying an additional 848,006 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of Nordson during the 2nd quarter valued at about $75,388,000. Koch Industries Inc. purchased a new stake in shares of Nordson during the 2nd quarter valued at about $425,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Nordson by 93.9% during the 2nd quarter. Principal Financial Group Inc. now owns 773,058 shares of the industrial products company’s stock valued at $93,786,000 after buying an additional 374,363 shares during the period. Institutional investors own 65.67% of the company’s stock.

In other news, 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 value of $226,650.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gregory A. Thaxton sold 3,868 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $148.28, for a total value of $573,547.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,322 shares of company stock worth $9,919,654. Company insiders own 2.15% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were issued a $0.30 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. Nordson’s dividend payout ratio (DPR) is 23.86%.

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About Nordson

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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Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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