Nordson Co. (NASDAQ:NDSN) – Research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Nordson in a note issued to investors on Wednesday. KeyCorp analyst J. Hammond anticipates that the industrial products company will earn $1.50 per share for the quarter. KeyCorp has a “Buy” rating and a $145.00 price objective on the stock. KeyCorp also issued estimates for Nordson’s Q3 2018 earnings at $1.89 EPS, Q4 2018 earnings at $1.48 EPS and FY2018 earnings at $6.20 EPS.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Tuesday, October 24th. FBR & Co set a $160.00 price target on Nordson and gave the stock a “buy” rating in a research note on Monday, September 11th. SunTrust Banks restated a “buy” rating and set a $135.00 price target on shares of Nordson in a research note on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $138.00 price target on shares of Nordson in a research note on Wednesday, October 4th. Finally, Gabelli upgraded Nordson from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Nordson has a consensus rating of “Buy” and a consensus price target of $145.40.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.05. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $1.20 annualized dividend and a yield of 0.83%. Nordson’s dividend payout ratio is presently 23.62%.
In other news, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the transaction, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.15% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Nordson by 1.5% in the second quarter. Vanguard Group Inc. now owns 4,463,149 shares of the industrial products company’s stock worth $541,469,000 after acquiring an additional 67,045 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Nordson by 1.1% in the second quarter. BlackRock Inc. now owns 4,430,648 shares of the industrial products company’s stock worth $537,525,000 after acquiring an additional 50,194 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Nordson by 91.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after acquiring an additional 848,006 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Nordson in the second quarter worth $158,781,000. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Nordson by 85.3% in the third quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock worth $136,453,000 after acquiring an additional 530,100 shares during the last quarter. 65.76% of the stock is owned by 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.
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