Nordson (NASDAQ:NDSN) Posts Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Nordson (NASDAQ:NDSN) issued its earnings results on Tuesday. The industrial products company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.18), Briefing.com reports. Nordson had a return on equity of 22.36% and a net margin of 14.74%. The business had revenue of $559.75 million for the quarter, compared to analyst estimates of $587.74 million. During the same period last year, the business posted $1.60 EPS. Nordson’s revenue was down 3.7% on a year-over-year basis.

NDSN opened at $134.82 on Friday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.22. Nordson has a 52 week low of $110.16 and a 52 week high of $149.23. The business’s 50 day moving average is $137.80 and its two-hundred day moving average is $136.65. The company has a quick ratio of 1.53, a current ratio of 2.16 and a debt-to-equity ratio of 0.83.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.38 per share. This is a positive change from Nordson’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, August 26th. This represents a $1.52 annualized dividend and a yield of 1.13%. Nordson’s payout ratio is 23.57%.



NDSN has been the topic of several research analyst reports. Zacks Investment Research lowered Nordson from a “hold” rating to a “sell” rating and set a $148.00 target price on the stock. in a research report on Monday, July 1st. DA Davidson cut their price target on Nordson from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. BidaskClub raised Nordson from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, ValuEngine lowered Nordson from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $139.60.

In other Nordson news, EVP Joseph Stockunas sold 1,497 shares of Nordson stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $140.49, for a total transaction of $210,313.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary G. Puma sold 998 shares of Nordson stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total value of $127,624.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,106 shares of company stock worth $1,887,961. 1.97% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D purchased a new position in shares of Nordson in the 1st quarter valued at approximately $6,626,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Nordson in the 1st quarter valued at approximately $459,000. California State Teachers Retirement System grew its stake in shares of Nordson by 1.3% in the 1st quarter. California State Teachers Retirement System now owns 92,587 shares of the industrial products company’s stock valued at $12,270,000 after purchasing an additional 1,205 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Nordson by 5.5% in the 1st quarter. Wells Fargo & Company MN now owns 383,468 shares of the industrial products company’s stock valued at $50,817,000 after purchasing an additional 19,971 shares during the last quarter. Finally, Navellier & Associates Inc purchased a new position in shares of Nordson in the 2nd quarter valued at approximately $203,000. Institutional investors own 68.82% of the company’s stock.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.

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Earnings History for Nordson (NASDAQ:NDSN)

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