Nordson (NASDAQ:NDSN) had its price target lowered by DA Davidson from $130.00 to $125.00 in a report issued on Wednesday, AnalystRatings.com reports. DA Davidson currently has a neutral rating on the industrial products company’s stock. DA Davidson also issued estimates for Nordson’s Q3 2019 earnings at $1.78 EPS, Q4 2019 earnings at $1.83 EPS, FY2019 earnings at $5.90 EPS, FY2019 earnings at $6.05 EPS, FY2020 earnings at $6.75 EPS and FY2020 earnings at $6.55 EPS.

NDSN has been the subject of several other reports. ValuEngine lowered shares of Nordson from a buy rating to a hold rating in a research note on Friday, August 2nd. BidaskClub upgraded shares of Nordson from a sell rating to a hold rating in a research note on Wednesday, July 17th. Zacks Investment Research lowered shares of Nordson from a hold rating to a sell rating and set a $148.00 price target for the company. in a research note on Monday, July 1st. Finally, Oppenheimer increased their price target on shares of Nordson from $150.00 to $155.00 and gave the stock an outperform rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Nordson presently has a consensus rating of Hold and an average target price of $139.60.

Shares of Nordson stock opened at $130.84 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.21 and a quick ratio of 1.53. The company has a 50-day moving average of $137.62 and a 200 day moving average of $136.65. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.38 and a beta of 1.22. Nordson has a 1 year low of $110.16 and a 1 year high of $149.23.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.18). The business had revenue of $559.75 million during the quarter, compared to the consensus estimate of $587.74 million. Nordson had a return on equity of 21.96% and a net margin of 14.74%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. On average, equities analysts anticipate that Nordson will post 5.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.38 per share. This is a positive change from Nordson’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, August 26th. Nordson’s dividend payout ratio (DPR) is currently 23.57%.

In other Nordson news, CEO Michael F. Hilton sold 6,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $128.06, for a total transaction of $768,360.00. Following the completion of the sale, the chief executive officer now directly owns 224,455 shares in the company, valued at approximately $28,743,707.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey A. Pembroke sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $140.19, for a total transaction of $448,608.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,106 shares of company stock valued at $1,887,961. 1.97% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in 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 purchasing an additional 262,385 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Nordson by 0.5% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,581,120 shares of the industrial products company’s stock valued at $223,428,000 after purchasing an additional 7,343 shares in the last quarter. Champlain Investment Partners LLC increased its stake in Nordson by 1.9% during the 1st quarter. Champlain Investment Partners LLC now owns 1,327,985 shares of the industrial products company’s stock valued at $175,985,000 after purchasing an additional 24,220 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Nordson by 0.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,234,900 shares of the industrial products company’s stock valued at $174,504,000 after acquiring an additional 11,014 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Nordson by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 706,673 shares of the industrial products company’s stock valued at $99,860,000 after acquiring an additional 10,102 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

Nordson Company Profile

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.

Further Reading: Average Daily Trade Volume – ADTV

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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