Several other equities research analysts have also recently weighed in on NDSN. Zacks Investment Research cut First Merchants from a hold rating to a sell rating in a research note on Monday, July 1st. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, Oppenheimer increased their price target on Nordson from $150.00 to $155.00 and gave the company an outperform rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $139.60.
Shares of NDSN stock traded up $2.48 on Thursday, hitting $138.26. The company had a trading volume of 4,037 shares, compared to its average volume of 134,785. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.60 and a beta of 1.24. The company’s 50-day moving average price is $133.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 2.16. Nordson has a twelve month low of $110.16 and a twelve month high of $149.23.
Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 20th. The industrial products company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.06). The company had revenue of $551.00 million during the quarter, compared to analyst estimates of $558.34 million. Nordson had a net margin of 14.64% and a return on equity of 22.46%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. As a group, analysts expect that Nordson will post 6.15 EPS for the current fiscal year.
In related news, Director Mary G. Puma sold 998 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total transaction of $127,624.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael F. Hilton sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $128.06, for a total value of $768,360.00. Following the sale, the chief executive officer now directly owns 224,455 shares of the company’s stock, valued at approximately $28,743,707.30. The disclosure for this sale can be found here. Company insiders own 1.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional bought a new position in shares of Nordson in the first quarter valued at approximately $30,000. Cordasco Financial Network bought a new position in shares of Nordson in the first quarter valued at approximately $30,000. Zions Bancorporation N.A. bought a new position in shares of Nordson in the first quarter valued at approximately $43,000. Icon Wealth Partners LLC bought a new position in shares of Nordson in the first quarter valued at approximately $56,000. Finally, Bremer Bank National Association bought a new position in shares of Nordson in the first quarter valued at approximately $78,000. 68.91% of the stock is owned by institutional investors and hedge funds.
Nordson Company Profile
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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