Nordson (NASDAQ:NDSN) Issues Quarterly Earnings Results

Nordson (NASDAQ:NDSN – Get Rating) posted its quarterly earnings data 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 firm 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.43 EPS.

Nordson Stock Performance

NASDAQ:NDSN opened at $213.80 on Thursday. The stock’s 50-day simple moving average is $215.16 and its 200 day simple moving average is $227.42. The firm has a market capitalization 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 quick ratio of 0.89, a current ratio of 1.17 and a debt-to-equity ratio of 0.14. Nordson has a twelve month low of $194.89 and a twelve month high of $251.26.

Nordson Dividend Announcement

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

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Nordson from $241.00 to $251.00 in a research report on Wednesday. StockNews.com initiated coverage on Nordson in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Loop Capital decreased their price target on Nordson from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Tuesday, March 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $252.20.

Institutional Trading of Nordson

Large investors have recently bought and sold shares of the business. Captrust Financial Advisors boosted its stake in Nordson by 14.1% in the second quarter. Captrust Financial Advisors now owns 1,100 shares of the industrial products company’s stock valued at $223,000 after buying an additional 136 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Nordson during the first quarter valued at about $219,000. D.A. Davidson & CO. boosted its stake in shares of 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 purchasing an additional 147 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Nordson during the second quarter valued at about $214,000. Finally, Maverick Capital Ltd. boosted its stake in shares of Nordson by 143.0% during the first quarter. Maverick Capital Ltd. now owns 933 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 549 shares in the last quarter. 70.40% of the stock is owned by institutional investors and hedge funds.

About Nordson

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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.