Nordson (NASDAQ:NDSN – Get Free Report) will issue its quarterly earnings data after the market closes on Monday, August 21st. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Tuesday, May 23rd. The industrial products company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.14. Nordson had a return on equity of 22.40% and a net margin of 19.75%. The business had revenue of $650.17 million during the quarter, compared to analyst estimates of $638.87 million. During the same period last year, the company earned $2.43 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect Nordson to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Nordson Trading Up 0.0 %
Shares of NASDAQ NDSN opened at $242.56 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.72 and a current ratio of 1.17. The business’s 50 day moving average price is $242.39 and its 200-day moving average price is $228.93. Nordson has a fifty-two week low of $202.57 and a fifty-two week high of $253.40. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 2.06 and a beta of 0.94.
Nordson Increases Dividend
Analysts Set New Price Targets
Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on Nordson from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Robert W. Baird raised their price objective on Nordson from $241.00 to $251.00 in a research report on Wednesday, May 24th. KeyCorp raised their price objective on Nordson from $255.00 to $270.00 in a research report on Thursday, June 22nd. Finally, StockNews.com raised Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th.
Read Our Latest Report on Nordson
Insiders Place Their Bets
In other Nordson news, Director Mary G. Puma sold 2,099 shares of Nordson stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $245.92, for a total transaction of $516,186.08. Following the completion of the transaction, the director now owns 16,835 shares in the company, valued at approximately $4,140,063.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Nordson
A number of institutional investors have recently modified their holdings of NDSN. Morgan Stanley increased its stake in shares of Nordson by 435.1% in the 4th quarter. Morgan Stanley now owns 1,275,693 shares of the industrial products company’s stock valued at $303,258,000 after purchasing an additional 1,037,295 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Nordson by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 5,997,575 shares of the industrial products company’s stock valued at $1,361,928,000 after purchasing an additional 850,479 shares in the last quarter. Norges Bank purchased a new stake in Nordson in the 4th quarter worth $176,078,000. Goldman Sachs Group Inc. raised its position in Nordson by 258.7% during the second quarter. Goldman Sachs Group Inc. now owns 878,782 shares of the industrial products company’s stock worth $177,900,000 after acquiring an additional 633,821 shares during the period. Finally, Millennium Management LLC lifted its holdings in Nordson by 2,094.6% during the fourth quarter. Millennium Management LLC now owns 469,789 shares of the industrial products company’s stock valued at $111,678,000 after purchasing an additional 448,382 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.
About Nordson
Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.
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