Nordson Corporation (NASDAQ:NDSN) – Research analysts at Barrington Research issued their Q3 2017 EPS estimates for shares of Nordson Corporation in a research note issued on Wednesday. Barrington Research analyst M. Gall expects that the industrial products company will post earnings per share of $1.67 for the quarter. Barrington Research also issued estimates for Nordson Corporation’s Q4 2017 earnings at $1.46 EPS, FY2017 earnings at $5.35 EPS and FY2018 earnings at $6.00 EPS.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Wells Fargo & Company reissued a “market perform” rating and issued a $130.00 target price (up previously from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. BidaskClub raised Nordson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Wellington Shields raised Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $115.50.
Shares of Nordson Corporation (NASDAQ:NDSN) opened at 119.30 on Friday. Nordson Corporation has a one year low of $81.48 and a one year high of $131.49. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 25.15 and a beta of 1.34. The company has a 50-day moving average price of $120.89 and a 200 day moving average price of $119.48.
Nordson Corporation (NASDAQ:NDSN) last released its earnings results on Monday, May 22nd. The industrial products company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. Nordson Corporation had a return on equity of 33.39% and a net margin of 14.43%. The company had revenue of $496.14 million for the quarter, compared to analysts’ expectations of $470.12 million. During the same period in the previous year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, May 25th. Nordson Corporation’s payout ratio is 22.78%.
A number of hedge funds have recently modified their holdings of the company. TrimTabs Asset Management LLC bought a new stake in shares of Nordson Corporation during the first quarter worth approximately $126,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Nordson Corporation by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the industrial products company’s stock worth $164,000 after buying an additional 435 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Nordson Corporation by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares during the last quarter. Sapphire Star Partners LP bought a new stake in shares of Nordson Corporation during the first quarter worth approximately $204,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Nordson Corporation during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 65.98% of the company’s stock.
About Nordson Corporation
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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