Nordson (NASDAQ:NDSN) posted its quarterly earnings data on Thursday. The industrial products company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.23, Bloomberg Earnings reports. The firm had revenue of $550.42 million during the quarter, compared to analysts’ expectations of $538.21 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. Nordson updated its Q2 guidance to $1.41-1.55 EPS.
Shares of Nordson (NASDAQ:NDSN) traded up $2.08 during trading hours on Thursday, hitting $141.41. 341,479 shares of the stock traded hands, compared to its average volume of 243,153. Nordson has a 12 month low of $107.16 and a 12 month high of $151.84. 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 firm has a market cap of $8,170.00, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, February 16th. Nordson’s dividend payout ratio is 23.86%.
Several equities research analysts have weighed in on the stock. Barrington Research restated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. BidaskClub cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. KeyCorp restated a “buy” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Nordson in a research report on Wednesday, January 3rd. Gabelli cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, SunTrust Banks lifted their price target on shares of Nordson to $166.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $148.55.
In related news, insider Gregory A. Thaxton sold 3,868 shares of Nordson stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $148.28, for a total transaction of $573,547.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert E. Veillette sold 1,594 shares of Nordson stock in a transaction that occurred on 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. In the last quarter, insiders have sold 84,597 shares of company stock valued at $12,623,580. 2.01% of the stock is owned by corporate insiders.
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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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