Nordson Corporation (NASDAQ:NDSN) – Barrington Research issued their Q3 2017 earnings per share estimates for shares of Nordson Corporation in a research report issued on Wednesday. Barrington Research analyst M. Gall forecasts that the industrial products company will earn $1.67 per share for the quarter. Barrington Research also issued estimates for Nordson Corporation’s Q4 2017 earnings at $1.46 EPS, FY2017 earnings at $5.35 EPS and FY2018 earnings at $6.00 EPS.
Nordson Corporation (NASDAQ:NDSN) last announced its quarterly earnings results on Monday, May 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The company had revenue of $496.14 million during the quarter, compared to analyst estimates of $470.12 million. During the same quarter in the previous year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis.
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A number of other equities research analysts have also recently weighed in on NDSN. Zacks Investment Research cut Nordson Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $130.00 price target (up from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $115.50.
Nordson Corporation (NDSN) opened at 120.75 on Friday. Nordson Corporation has a 12 month low of $81.48 and a 12 month high of $131.49. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 25.45 and a beta of 1.34. The firm’s 50-day moving average price is $120.89 and its 200-day moving average price is $119.48.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.89%. Nordson Corporation’s dividend payout ratio (DPR) is currently 22.78%.
Large investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC purchased a new stake in Nordson Corporation during the first quarter valued at approximately $126,000. IFP Advisors Inc boosted its stake in Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock valued at $171,000 after buying an additional 430 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Nordson Corporation by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the industrial products company’s stock valued at $164,000 after buying an additional 435 shares during the period. Sapphire Star Partners LP purchased a new stake in Nordson Corporation during the first quarter valued at approximately $204,000. Finally, CAPROCK Group Inc. purchased a new stake in Nordson Corporation during the first quarter valued at approximately $235,000. 65.98% of the stock is owned by institutional investors.
Nordson Corporation 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.
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