Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut First Merchants from a hold rating to a sell rating in a report on Monday, July 1st. Oppenheimer increased their price target on Nordson from $150.00 to $155.00 and gave the company an outperform rating in a report on Tuesday, April 23rd. Finally, ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $139.60.
NASDAQ NDSN opened at $138.87 on Thursday. The company’s fifty day moving average price is $133.43. The company has a market cap of $7.98 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.16 and a quick ratio of 1.53. Nordson has a 1-year low of $110.16 and a 1-year high of $149.23.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results 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). The firm had revenue of $551.00 million for the quarter, compared to the consensus estimate of $558.34 million. Nordson had a net margin of 14.64% and a return on equity of 22.46%. Nordson’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, analysts expect that Nordson will post 6.15 EPS for the current fiscal year.
In related news, Director Mary G. Puma sold 998 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which is available through this link. Also, CEO Michael F. Hilton sold 6,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 224,455 shares in the company, valued at $28,743,707.30. The disclosure for this sale can be found here. 1.97% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Diversified Trust Co raised its holdings in Nordson by 14.4% in the 2nd quarter. Diversified Trust Co now owns 3,464 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 435 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Nordson in the 2nd quarter worth $594,000. Capital Insight Partners LLC raised its holdings in Nordson by 1.2% in the 2nd quarter. Capital Insight Partners LLC now owns 9,833 shares of the industrial products company’s stock worth $1,390,000 after purchasing an additional 115 shares during the period. WINTON GROUP Ltd raised its holdings in Nordson by 18.5% in the 2nd quarter. WINTON GROUP Ltd now owns 3,865 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 604 shares during the period. Finally, FMR LLC raised its holdings in Nordson by 7,456.8% in the 1st quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock worth $6,369,000 after purchasing an additional 47,425 shares during the period. 68.91% of the stock is currently owned by institutional investors.
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.
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