Nordson (NASDAQ:NDSN) released its quarterly earnings results on Wednesday. The industrial products company reported $1.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.79, Bloomberg Earnings reports. Nordson had a return on equity of 23.16% and a net margin of 15.36%. The business had revenue of $585.45 million during the quarter, compared to analyst estimates of $598.16 million. During the same quarter last year, the company posted $1.44 EPS. Nordson’s revenue for the quarter was up 2.8% on a year-over-year basis. Nordson updated its FY 2020
After-Hours guidance to $5.91-6.14 EPS.
Shares of NASDAQ NDSN opened at $163.00 on Friday. Nordson has a one year low of $111.07 and a one year high of $168.98. The firm has a market capitalization of $9.60 billion, a PE ratio of 27.77, a PEG ratio of 1.58 and a beta of 1.22. The company has a current ratio of 2.21, a quick ratio of 1.57 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $162.83 and a two-hundred day moving average price of $144.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $1.52 dividend on an annualized basis and a yield of 0.93%. Nordson’s payout ratio is presently 25.89%.
A number of equities analysts recently weighed in on NDSN shares. Wells Fargo & Co increased their price target on Nordson from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. ValuEngine lowered Nordson from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. DA Davidson decreased their price target on Nordson from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. BidaskClub upgraded Nordson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird upgraded Nordson from a “neutral” rating to an “outperform” rating and increased their price target for the company from $149.00 to $188.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $153.71.
In other Nordson news, insider Michael F. Hilton sold 15,951 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.11, for a total transaction of $2,617,718.61. Following the completion of the sale, the insider now directly owns 215,582 shares in the company, valued at approximately $35,379,162.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur L. George, Jr. sold 4,536 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $145.55, for a total value of $660,214.80. The disclosure for this sale can be found here. Insiders have sold a total of 58,092 shares of company stock valued at $8,736,352 over the last 90 days. Corporate insiders own 1.97% of the company’s stock.
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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