Nordson (NDSN) PT Raised to $166.00 at SunTrust Banks

Nordson (NASDAQ:NDSN) had its price target hoisted by SunTrust Banks to $166.00 in a research note issued to investors on Friday, The Fly reports. SunTrust Banks currently has a buy rating on the industrial products company’s stock. SunTrust Banks also issued estimates for Nordson’s Q3 2018 earnings at $1.92 EPS, Q1 2019 earnings at $1.24 EPS and FY2020 earnings at $7.24 EPS.

NDSN has been the topic of a number of other reports. Zacks Investment Research upgraded Nordson from a sell rating to a hold rating in a research report on Thursday, December 14th. Robert W. Baird reiterated a hold rating and set a $138.00 price target on shares of Nordson in a research report on Wednesday, October 4th. Gabelli cut Nordson from a buy rating to a hold rating in a research report on Friday. FBR & Co set a $160.00 price target on Nordson and gave the stock a buy rating in a research report on Monday, September 11th. Finally, KeyCorp reiterated a buy rating and set a $145.00 price target on shares of Nordson in a research report on Sunday, November 19th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $145.40.

Nordson (NDSN) opened at $142.17 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.47 and a debt-to-equity ratio of 1.09. Nordson has a 1-year low of $107.16 and a 1-year high of $150.48. The company has a market capitalization of $8,357.13, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 1.63 and a beta of 1.40.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.05. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. sell-side analysts expect that Nordson will post 5.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Monday, December 18th. Nordson’s dividend payout ratio is currently 23.62%.

In related news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 41,937 shares in the company, valued at approximately $4,948,985.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.15% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in Nordson in the 2nd quarter valued at approximately $104,000. D.A. Davidson & CO. increased its position in shares of Nordson by 2.3% during the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 22 shares during the period. IFP Advisors Inc increased its position in shares of Nordson by 1.5% during the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 21 shares during the period. Quantbot Technologies LP increased its position in shares of Nordson by 1,168.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,507 shares during the period. Finally, Opus Capital Group LLC acquired a new position in shares of Nordson during the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 65.76% of the company’s stock.

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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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