Nordson (NDSN) Receives Market Perform Rating from Barrington Research

Barrington Research restated their market perform rating on shares of Nordson (NASDAQ:NDSN) in a research note published on Tuesday, MarketBeat Ratings reports. Barrington Research also issued estimates for Nordson’s Q1 2018 earnings at $1.32 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.84 EPS, Q4 2018 earnings at $1.61 EPS, FY2018 earnings at $6.27 EPS and FY2019 earnings at $6.82 EPS.

Other equities research analysts have also issued research reports about the stock. KeyCorp reissued a buy rating and set a $145.00 price objective on shares of Nordson in a research note on Sunday, November 19th. B. Riley reissued a buy rating on shares of Nordson in a research note on Wednesday, November 1st. SunTrust Banks reissued a buy rating and set a $135.00 price objective on shares of Nordson in a research note on Friday, October 27th. Zacks Investment Research raised shares of Nordson from a sell rating to a buy rating and set a $140.00 price objective on the stock in a research note on Tuesday, October 24th. Finally, Longbow Research raised shares of Nordson from a neutral rating to a buy rating and set a $140.00 price objective on the stock in a research note on Wednesday, September 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Nordson has an average rating of Buy and an average price target of $147.40.

Nordson (NDSN) traded down $1.23 during trading hours on Tuesday, reaching $145.66. 206,900 shares of the company traded hands, compared to its average volume of 308,137. Nordson has a 1-year low of $107.16 and a 1-year high of $151.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization of $8,410.00, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.62 and a beta of 1.39.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The business had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Nordson’s quarterly revenue was up 12.8% on a year-over-year basis. analysts anticipate that Nordson will post 6.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid 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 0.82%. Nordson’s dividend payout ratio is presently 23.86%.

In other news, insider Gregory A. Thaxton sold 3,868 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert E. Veillette sold 1,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were 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 sold 66,322 shares of company stock worth $9,919,654. Insiders own 2.15% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new position in shares of Nordson during the fourth quarter valued at approximately $7,371,000. GSA Capital Partners LLP raised its holdings in shares of Nordson by 175.7% during the third quarter. GSA Capital Partners LLP now owns 6,467 shares of the industrial products company’s stock valued at $766,000 after purchasing an additional 4,121 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Nordson by 13.6% during the third quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock valued at $668,000 after purchasing an additional 657 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Nordson by 3.4% during the third quarter. California Public Employees Retirement System now owns 130,116 shares of the industrial products company’s stock valued at $15,419,000 after purchasing an additional 4,316 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Nordson by 361.8% during the third quarter. Jane Street Group LLC now owns 12,916 shares of the industrial products company’s stock valued at $1,531,000 after purchasing an additional 10,119 shares during the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.

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Nordson Company Profile

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.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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