Nordson Co. (NASDAQ:NDSN) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $169.00 and last traded at $168.90, with a volume of 7662 shares changing hands. The stock had previously closed at $168.33.
Several equities analysts have issued reports on the stock. Robert W. Baird raised shares of Nordson from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $149.00 to $188.00 in a report on Friday, December 13th. BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 17th. DA Davidson lifted their price objective on shares of Nordson from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 17th. ValuEngine downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co upped their price target on shares of Nordson from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $159.33.
The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.71 billion, a P/E ratio of 28.83, a PEG ratio of 1.60 and a beta of 1.21. The business has a 50-day simple moving average of $164.47 and a two-hundred day simple moving average of $149.70.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $1.79 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.79. The business had revenue of $585.45 million during the quarter, compared to analysts’ expectations of $598.16 million. Nordson had a return on equity of 22.74% and a net margin of 15.36%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. On average, sell-side analysts forecast that Nordson Co. will post 6.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 19th. This represents a $1.52 annualized dividend and a yield of 0.90%. Nordson’s payout ratio is currently 25.89%.
In other news, CFO Gregory A. Thaxton sold 3,041 shares of Nordson stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $163.07, for a total value of $495,895.87. Following the transaction, the chief financial officer now owns 53,958 shares in the company, valued at approximately $8,798,931.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shelly Peet sold 2,375 shares of Nordson stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $166.56, for a total value of $395,580.00. Following the completion of the transaction, the executive vice president now owns 29,330 shares in the company, valued at approximately $4,885,204.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,592 shares of company stock valued at $6,641,512. 1.97% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Nordson by 5.5% during the 2nd quarter. BlackRock Inc. now owns 4,990,403 shares of the industrial products company’s stock valued at $705,194,000 after acquiring an additional 262,385 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Nordson by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,285,948 shares of the industrial products company’s stock worth $626,863,000 after buying an additional 19,361 shares during the period. Johanson Financial Advisors Inc. lifted its holdings in Nordson by 15,587.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,116,802 shares of the industrial products company’s stock worth $12,998,000 after buying an additional 2,103,308 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Nordson by 7.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 673,805 shares of the industrial products company’s stock worth $95,216,000 after buying an additional 45,785 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in Nordson by 32.7% during the 3rd quarter. GW&K Investment Management LLC now owns 236,313 shares of the industrial products company’s stock worth $34,563,000 after buying an additional 58,232 shares during the period. Institutional investors own 68.41% of the company’s stock.
About Nordson (NASDAQ:NDSN)
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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