Equities analysts expect that Nordson Co. (NASDAQ:NDSN) will announce sales of $542.90 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Nordson’s earnings, with estimates ranging from $525.80 million to $551.00 million. Nordson reported sales of $529.48 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The business is expected to announce its next earnings results on Wednesday, May 19th.
On average, analysts expect that Nordson will report full year sales of $2.23 billion for the current financial year, with estimates ranging from $2.21 billion to $2.25 billion. For the next year, analysts anticipate that the company will post sales of $2.35 billion, with estimates ranging from $2.29 billion to $2.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Nordson.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Sunday, February 21st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.26. Nordson had a net margin of 11.77% and a return on equity of 18.80%. The company had revenue of $526.57 million during the quarter, compared to analysts’ expectations of $509.08 million. During the same quarter in the prior year, the company posted $0.89 EPS. The business’s revenue was up 6.4% on a year-over-year basis.
A number of equities analysts have recently issued reports on NDSN shares. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating and set a $203.00 price objective for the company. in a research note on Friday, February 26th. DA Davidson increased their price objective on shares of Nordson from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, March 31st. Wells Fargo & Company increased their price objective on shares of Nordson from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, March 2nd. Morgan Stanley assumed coverage on shares of Nordson in a research note on Wednesday, March 31st. They issued an “equal weight” rating and a $220.00 price objective for the company. Finally, TheStreet upgraded shares of Nordson from a “c+” rating to a “b” rating in a research report on Monday, February 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $217.60.
In other news, EVP Jeffrey A. Pembroke sold 5,388 shares of Nordson stock in a transaction that occurred on Wednesday, March 3rd. The shares were sold at an average price of $195.06, for a total value of $1,050,983.28. Following the sale, the executive vice president now directly owns 15,517 shares in the company, valued at $3,026,746.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gina A. Beredo sold 4,100 shares of Nordson stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $207.13, for a total transaction of $849,233.00. Following the completion of the sale, the vice president now owns 7,615 shares in the company, valued at $1,577,294.95. The disclosure for this sale can be found here. Insiders sold a total of 19,779 shares of company stock worth $4,021,255 in the last ninety days. Insiders own 2.01% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Nordson by 1.2% in the fourth quarter. BlackRock Inc. now owns 5,173,653 shares of the industrial products company’s stock valued at $1,039,645,000 after purchasing an additional 62,196 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Nordson by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 926,408 shares of the industrial products company’s stock valued at $186,162,000 after buying an additional 32,521 shares in the last quarter. Keybank National Association OH grew its stake in shares of Nordson by 7.3% in the fourth quarter. Keybank National Association OH now owns 867,677 shares of the industrial products company’s stock valued at $174,360,000 after buying an additional 59,164 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Nordson by 25.4% in the first quarter. Royal London Asset Management Ltd. now owns 842,675 shares of the industrial products company’s stock valued at $167,423,000 after buying an additional 170,709 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in shares of Nordson by 23.6% in the fourth quarter. Ceredex Value Advisors LLC now owns 669,316 shares of the industrial products company’s stock valued at $134,749,000 after buying an additional 127,679 shares in the last quarter. Institutional investors own 68.25% of the company’s stock.
Shares of NDSN stock traded up $2.69 during mid-day trading on Thursday, reaching $211.30. The company’s stock had a trading volume of 156,585 shares, compared to its average volume of 256,251. Nordson has a 1-year low of $153.01 and a 1-year high of $223.37. The company has a market cap of $12.27 billion, a P/E ratio of 49.48, a PEG ratio of 2.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.05 and a current ratio of 2.81. The firm’s 50-day moving average is $205.48 and its two-hundred day moving average is $199.27.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Tuesday, February 23rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, February 22nd. Nordson’s dividend payout ratio is currently 28.47%.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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