Barrington Research Analysts Reduce Earnings Estimates for Nordson Corporation (NDSN)
Nordson Corporation (NASDAQ:NDSN) – Equities research analysts at Barrington Research reduced their Q4 2017 earnings per share (EPS) estimates for Nordson in a report issued on Wednesday. Barrington Research analyst M. Gall now forecasts that the industrial products company will earn $1.29 per share for the quarter, down from their previous forecast of $1.30. Barrington Research also issued estimates for Nordson’s FY2018 earnings at $5.85 EPS.
NDSN has been the subject of several other reports. Robert W. Baird reaffirmed a “hold” rating and issued a $138.00 price target on shares of Nordson in a research note on Wednesday, October 4th. FBR & Co set a $160.00 price target on shares of Nordson and gave the company a “buy” rating in a research note on Monday, September 11th. KeyCorp reaffirmed a “buy” rating and issued a $145.00 price target on shares of Nordson in a research note on Sunday, November 19th. BidaskClub downgraded shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Finally, B. Riley reaffirmed a “buy” rating on shares of Nordson in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $140.33.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, December 18th. Nordson’s payout ratio is 23.90%.
In other Nordson news, VP James E. Devries sold 5,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.01, for a total value of $590,050.00. Following the completion of the sale, the vice president now directly owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDSN. Vanguard Group Inc. lifted its stake in shares of Nordson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,463,149 shares of the industrial products company’s stock valued at $541,469,000 after buying an additional 67,045 shares in the last quarter. BlackRock Inc. increased its holdings in Nordson by 1.1% during the 2nd quarter. BlackRock Inc. now owns 4,430,648 shares of the industrial products company’s stock worth $537,525,000 after acquiring an additional 50,194 shares during the period. Atlanta Capital Management Co. L L C increased its holdings in Nordson by 91.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock worth $215,658,000 after acquiring an additional 848,006 shares during the period. Janus Henderson Group PLC bought a new stake in Nordson during the 2nd quarter worth approximately $158,781,000. Finally, TimesSquare Capital Management LLC increased its holdings in Nordson by 85.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock worth $136,453,000 after acquiring an additional 530,100 shares during the period. Hedge funds and other institutional investors own 65.76% of the company’s stock.
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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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