Nordson (NASDAQ:NDSN) Issues FY 2022 Earnings Guidance

Nordson (NASDAQ:NDSNGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $9.13-$9.37 for the period, compared to the consensus EPS estimate of $9.31. The company issued revenue guidance of $2.55 billion-$2.58 billion, compared to the consensus revenue estimate of $2.56 billion.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson upped their target price on shares of Nordson from $265.00 to $270.00 in a report on Tuesday, August 23rd. Robert W. Baird upped their target price on shares of Nordson from $232.00 to $271.00 and gave the company an outperform rating in a report on Wednesday, August 24th. StockNews.com raised shares of Nordson from a hold rating to a buy rating in a report on Monday. Finally, Morgan Stanley reduced their target price on shares of Nordson from $270.00 to $250.00 and set an equal weight rating for the company in a report on Thursday, June 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $270.20.

Nordson Price Performance

Shares of NASDAQ NDSN traded down $3.50 during midday trading on Friday, reaching $211.69. The stock had a trading volume of 3,342 shares, compared to its average volume of 203,239. The stock has a 50-day moving average of $228.84 and a 200-day moving average of $219.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.87 and a current ratio of 1.35. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. Nordson has a 12-month low of $194.89 and a 12-month high of $272.28.

Nordson (NASDAQ:NDSNGet Rating) last announced its quarterly earnings data on Monday, August 22nd. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $662.13 million during the quarter, compared to analysts’ expectations of $650.90 million. Nordson had a net margin of 19.25% and a return on equity of 23.66%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.42 earnings per share. As a group, research analysts anticipate that Nordson will post 9.33 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.23%. This is a boost from Nordson’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, August 22nd. Nordson’s dividend payout ratio (DPR) is presently 31.48%.

Hedge Funds Weigh In On Nordson

Several institutional investors have recently bought and sold shares of NDSN. D.A. Davidson & CO. grew its stake in Nordson by 18.4% during the first quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 147 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Nordson by 461.0% during the first quarter. Panagora Asset Management Inc. now owns 5,296 shares of the industrial products company’s stock valued at $1,203,000 after purchasing an additional 4,352 shares during the last quarter. Raymond James Trust N.A. lifted its position in Nordson by 7.5% during the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the industrial products company’s stock valued at $490,000 after purchasing an additional 150 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Nordson during the first quarter valued at $219,000. Finally, Sei Investments Co. lifted its position in Nordson by 2.1% during the first quarter. Sei Investments Co. now owns 46,732 shares of the industrial products company’s stock valued at $10,615,000 after purchasing an additional 970 shares during the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

About Nordson

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Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

Further Reading

Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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