Zacks: Brokerages Anticipate Nordson Co. (NDSN) to Post $1.47 EPS

Analysts expect Nordson Co. (NASDAQ:NDSN) to post earnings of $1.47 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Nordson’s earnings, with the lowest EPS estimate coming in at $1.43 and the highest estimate coming in at $1.50. Nordson reported earnings of $1.38 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, December 12th.

According to Zacks, analysts expect that Nordson will report full year earnings of $5.98 per share for the current financial year, with EPS estimates ranging from $5.93 to $6.00. For the next fiscal year, analysts anticipate that the company will report earnings of $6.59 per share, with EPS estimates ranging from $6.20 to $6.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Nordson.

Several analysts recently issued reports on NDSN shares. BidaskClub downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. ValuEngine upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. DA Davidson downgraded Nordson from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a research note on Thursday, November 29th. Finally, Zacks Investment Research downgraded Nordson from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $151.57.

In other news, Director Mary G. Puma sold 2,983 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $145.44, for a total transaction of $433,847.52. Following the completion of the sale, the director now directly owns 18,799 shares in the company, valued at approximately $2,734,126.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.01% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of Nordson by 18.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,580 shares of the industrial products company’s stock worth $332,000 after buying an additional 398 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Nordson by 1.9% during the 2nd quarter. Bank of Montreal Can now owns 23,083 shares of the industrial products company’s stock worth $2,965,000 after buying an additional 426 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Nordson by 9.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,422 shares of the industrial products company’s stock worth $753,000 after buying an additional 449 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Nordson by 6.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,025 shares of the industrial products company’s stock worth $975,000 after buying an additional 455 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Nordson by 3.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the industrial products company’s stock worth $1,986,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

NDSN traded down $2.04 during trading on Friday, hitting $113.47. The stock had a trading volume of 338,475 shares, compared to its average volume of 230,450. The company has a market capitalization of $6.75 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.34. Nordson has a one year low of $110.75 and a one year high of $151.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.36.

Nordson announced that its board has authorized a share repurchase plan on Tuesday, September 11th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.

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