Nordson Co. (NASDAQ:NDSN) – Research analysts at Gabelli decreased their FY2019 EPS estimates for shares of Nordson in a research note issued on Wednesday, May 29th, Zacks Investment Research reports. Gabelli analyst M. Trusz now expects that the industrial products company will post earnings per share of $6.15 for the year, down from their previous forecast of $6.20. Gabelli also issued estimates for Nordson’s FY2021 earnings at $7.80 EPS, FY2022 earnings at $8.55 EPS and FY2023 earnings at $9.35 EPS.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Nordson from a “sell” rating to a “hold” rating and set a $139.00 price objective on the stock in a research note on Monday, June 10th. BidaskClub cut Nordson from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. ValuEngine cut Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Finally, Oppenheimer lifted their target price on Nordson from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Nordson presently has a consensus rating of “Hold” and an average target price of $137.80.
NASDAQ:NDSN traded down $3.73 during trading hours on Thursday, hitting $130.12. 133,320 shares of the company traded hands, compared to its average volume of 205,753. The company has a current ratio of 2.16, a quick ratio of 1.53 and a debt-to-equity ratio of 0.83. Nordson has a one year low of $110.16 and a one year high of $149.23. The stock has a market cap of $7.69 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.06). Nordson had a net margin of 14.64% and a return on equity of 22.46%. The company had revenue of $551.00 million for the quarter, compared to the consensus estimate of $558.34 million. During the same quarter last year, the business posted $0.15 earnings per share. Nordson’s revenue was down .5% on a year-over-year basis.
A number of institutional investors and hedge funds have recently made changes to their positions in NDSN. Doyle Wealth Management purchased a new stake in Nordson in the 4th quarter worth about $30,000. CX Institutional purchased a new stake in Nordson in the 1st quarter worth about $30,000. Cordasco Financial Network purchased a new stake in Nordson in the 1st quarter worth about $30,000. Penserra Capital Management LLC purchased a new stake in Nordson in the 4th quarter worth about $36,000. Finally, Zions Bancorporation N.A. purchased a new stake in Nordson in the 1st quarter worth about $43,000. 69.08% of the stock is owned by institutional investors.
In related news, Director Mary G. Puma sold 998 shares of Nordson stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total value of $127,624.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael F. Hilton sold 6,000 shares of Nordson stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $128.06, for a total value of $768,360.00. Following the completion of the sale, the chief executive officer now directly owns 224,455 shares of the company’s stock, valued at approximately $28,743,707.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,658 shares of company stock worth $4,350,613 over the last quarter. Company insiders own 1.97% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, May 24th. Nordson’s payout ratio is 23.57%.
Nordson Company Profile
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.