Nordson Co. (NASDAQ:NDSN) – Equities researchers at SunTrust Banks issued their FY2019 earnings per share estimates for shares of Nordson in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst C. Brady anticipates that the industrial products company will post earnings per share of $6.48 for the year.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Co reiterated a “market perform” rating and issued a $130.00 price target (up from $122.00) on shares of Nordson in a research note on Thursday. Zacks Investment Research cut Nordson from a “buy” rating to a “hold” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.09.

Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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Shares of Nordson (NASDAQ:NDSN) traded down 0.34% during mid-day trading on Friday, hitting $119.80. The company’s stock had a trading volume of 88,870 shares. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 24.62 and a beta of 1.26. Nordson has a 1-year low of $78.16 and a 1-year high of $131.49. The company has a 50-day moving average of $125.04 and a 200 day moving average of $117.53.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data 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 had a return on equity of 35.20% and a net margin of 15.03%. The company had revenue of $496.14 million during the quarter, compared to the consensus estimate of $470.12 million. During the same quarter last year, the company earned $1.23 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in NDSN. Ancora Advisors LLC purchased a new stake in shares of Nordson during the fourth quarter worth about $111,000. TrimTabs Asset Management LLC purchased a new stake in shares of Nordson during the first quarter worth about $126,000. IFP Advisors Inc boosted its stake in shares of Nordson 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 period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Nordson 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 period. Finally, Pacad Investment Ltd. boosted its stake in shares of Nordson by 14.3% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the industrial products company’s stock worth $179,000 after buying an additional 200 shares during the period. 64.61% of the stock is owned by hedge funds and other institutional investors.

In other news, insider John J. Keane sold 23,600 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $123.88, for a total value of $2,923,568.00. Following the completion of the sale, the insider now directly owns 81,086 shares of the company’s stock, valued at $10,044,933.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.15% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.90%. Nordson’s dividend payout ratio (DPR) is presently 22.88%.

Nordson Company Profile

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.

12 Month Chart for NASDAQ:NDSN

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