Nordson (NASDAQ:NDSN) Announces Earnings Results

Nordson (NASDAQ:NDSN – Get Rating) issued its earnings results on Tuesday. The industrial products company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.14, MarketWatch Earnings reports. The business had revenue of $650.17 million for the quarter, compared to analysts’ expectations of $638.87 million. Nordson had a return on equity of 22.40% and a net margin of 19.75%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 EPS.

Nordson Price Performance

NDSN stock opened at $213.80 on Thursday. The company has a market cap of $12.24 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.86 and a beta of 0.91. The company has a current ratio of 1.17, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14. Nordson has a 12-month low of $194.89 and a 12-month high of $251.26. The stock has a 50-day moving average price of $215.16 and a two-hundred day moving average price of $227.42.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, May 22nd. Nordson’s dividend payout ratio (DPR) is 29.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NDSN shares. Robert W. Baird upped their price objective on Nordson from $241.00 to $251.00 in a report on Wednesday. StockNews.com assumed coverage on shares of Nordson in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Loop Capital reduced their price target on shares of Nordson from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Tuesday, March 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Nordson has an average rating of “Hold” and a consensus price target of $252.20.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors increased its stake in shares of Nordson by 14.1% in the second quarter. Captrust Financial Advisors now owns 1,100 shares of the industrial products company’s stock worth $223,000 after buying an additional 136 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in Nordson during the first quarter valued at $219,000. D.A. Davidson & CO. lifted its position in shares of Nordson by 18.4% in the 1st quarter. D.A. Davidson & CO. now owns 947 shares of the industrial products company’s stock worth $215,000 after buying an additional 147 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Nordson in the 2nd quarter valued at about $214,000. Finally, Maverick Capital Ltd. grew its position in shares of Nordson by 143.0% during the 1st quarter. Maverick Capital Ltd. now owns 933 shares of the industrial products company’s stock valued at $212,000 after buying an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Nordson Company Profile

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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.