Equities analysts expect that Nordson Co. (NASDAQ:NDSN) will report sales of $542.90 million for the current quarter, according to Zacks. Four analysts have issued estimates for Nordson’s earnings, with the highest sales estimate coming in at $551.00 million and the lowest estimate coming in at $525.80 million. Nordson posted sales of $529.48 million in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is scheduled to report its next earnings results on Wednesday, May 19th.
On average, analysts expect that Nordson will report full-year sales of $2.23 billion for the current financial year, with estimates ranging from $2.21 billion to $2.25 billion. For the next year, analysts anticipate that the firm will report sales of $2.35 billion, with estimates ranging from $2.29 billion to $2.40 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Nordson.
Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Sunday, February 21st. The industrial products company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.26. Nordson had a net margin of 11.77% and a return on equity of 18.80%. The company had revenue of $526.57 million for the quarter, compared to the consensus estimate of $509.08 million. During the same period in the previous year, the firm earned $0.89 EPS. Nordson’s revenue was up 6.4% on a year-over-year basis.
NDSN has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Nordson from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, March 2nd. Morgan Stanley initiated coverage on shares of Nordson in a report on Wednesday, March 31st. They issued an “equal weight” rating and a $220.00 target price on the stock. TheStreet upgraded shares of Nordson from a “c+” rating to a “b” rating in a report on Monday, February 22nd. Zacks Investment Research downgraded shares of Nordson from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a report on Friday, February 26th. Finally, DA Davidson lifted their target price on shares of Nordson from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, March 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $217.60.
Shares of NASDAQ NDSN traded up $2.69 during midday trading on Thursday, reaching $211.30. The company’s stock had a trading volume of 156,585 shares, compared to its average volume of 256,251. The company has a current ratio of 2.81, a quick ratio of 2.05 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $205.48 and a 200 day moving average price of $199.27. Nordson has a one year low of $153.01 and a one year high of $223.37. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Tuesday, February 23rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Monday, February 22nd. Nordson’s dividend payout ratio (DPR) is currently 28.47%.
In related news, EVP Shelly Peet sold 1,191 shares of the business’s stock in a transaction that occurred on Friday, March 12th. The shares were sold at an average price of $200.27, for a total transaction of $238,521.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Gina A. Beredo sold 4,100 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $207.13, for a total transaction of $849,233.00. Following the transaction, the vice president now directly owns 7,615 shares in the company, valued at $1,577,294.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,779 shares of company stock worth $4,021,255. 2.01% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Nordson by 1.2% in the fourth quarter. BlackRock Inc. now owns 5,173,653 shares of the industrial products company’s stock worth $1,039,645,000 after acquiring an additional 62,196 shares in the last quarter. Brown Advisory Inc. grew its position in Nordson by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 926,408 shares of the industrial products company’s stock worth $186,162,000 after acquiring an additional 32,521 shares in the last quarter. Keybank National Association OH grew its position in Nordson by 7.3% in the fourth quarter. Keybank National Association OH now owns 867,677 shares of the industrial products company’s stock worth $174,360,000 after acquiring an additional 59,164 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Nordson by 25.4% in the first quarter. Royal London Asset Management Ltd. now owns 842,675 shares of the industrial products company’s stock worth $167,423,000 after acquiring an additional 170,709 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its position in Nordson by 23.6% in the fourth quarter. Ceredex Value Advisors LLC now owns 669,316 shares of the industrial products company’s stock worth $134,749,000 after acquiring an additional 127,679 shares in the last quarter. 68.25% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).
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