Nordson Co. (NASDAQ:NDSN) – Equities research analysts at KeyCorp lifted their Q1 2018 earnings per share estimates for shares of Nordson in a note issued to investors on Thursday. KeyCorp analyst J. Hammond now expects that the industrial products company will post earnings of $1.39 per share for the quarter, up from their previous estimate of $1.36. KeyCorp currently has a “Buy” rating and a $165.00 target price on the stock. KeyCorp also issued estimates for Nordson’s FY2018 earnings at $6.50 EPS and FY2019 earnings at $7.15 EPS.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. During the same period last year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis.
Nordson (NASDAQ NDSN) opened at $151.14 on Monday. Nordson has a 52 week low of $107.16 and a 52 week high of $151.84. The stock has a market cap of $8,730.00, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10.
Large investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Nordson during the second quarter worth $104,000. D.A. Davidson & CO. raised its holdings in shares of Nordson by 2.3% during the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 22 shares during the period. Quantbot Technologies LP raised its holdings in shares of Nordson by 1,168.2% during the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 1,507 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of Nordson during the fourth quarter worth $234,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of Nordson during the third quarter worth $240,000. Institutional investors and hedge funds own 65.67% of the company’s stock.
In related news, VP Robert E. Veillette sold 1,594 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total transaction of $226,650.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John J. Keane sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total transaction of $3,007,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,597 shares of company stock worth $12,623,580. Insiders own 2.15% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. Nordson’s dividend payout ratio is 23.86%.
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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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