Nordson Co. (NASDAQ:NDSN) – Research analysts at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for shares of Nordson in a research report issued on Wednesday. DA Davidson analyst M. Summerville forecasts that the industrial products company will post earnings of $1.37 per share for the quarter. DA Davidson currently has a “Buy” rating and a $160.00 target price on the stock. DA Davidson also issued estimates for Nordson’s Q2 2018 earnings at $1.53 EPS, Q3 2018 earnings at $1.91 EPS, Q4 2018 earnings at $1.64 EPS, FY2018 earnings at $6.45 EPS and FY2019 earnings at $6.90 EPS.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.01. The business had revenue of $550.42 million for the quarter, compared to the consensus estimate of $538.21 million. Nordson had a net margin of 15.85% and a return on equity of 30.41%. Nordson’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share.
Nordson (NASDAQ:NDSN) opened at $137.54 on Monday. The company has a market capitalization of $7,950.00, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.66 and a beta of 1.30. Nordson has a 12-month low of $107.16 and a 12-month high of $151.84. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.52 and a quick ratio of 1.07.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in shares of Nordson by 10.3% during the third quarter. Advisors Asset Management Inc. now owns 4,974 shares of the industrial products company’s stock valued at $589,000 after acquiring an additional 464 shares during the period. Eaton Vance Management lifted its holdings in shares of Nordson by 4.5% during the fourth quarter. Eaton Vance Management now owns 11,573 shares of the industrial products company’s stock valued at $1,694,000 after acquiring an additional 500 shares during the period. Amalgamated Bank lifted its holdings in shares of Nordson by 5.6% during the fourth quarter. Amalgamated Bank now owns 12,030 shares of the industrial products company’s stock valued at $1,761,000 after acquiring an additional 634 shares during the period. Independent Advisor Alliance lifted its holdings in shares of Nordson by 13.6% during the third quarter. Independent Advisor Alliance now owns 5,475 shares of the industrial products company’s stock valued at $668,000 after acquiring an additional 657 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in shares of Nordson by 8.0% during the fourth quarter. Dupont Capital Management Corp now owns 9,170 shares of the industrial products company’s stock valued at $1,342,000 after acquiring an additional 676 shares during the period. 66.96% of the stock is owned by institutional investors.
In other Nordson news, CEO Michael F. Hilton sold 12,142 shares of Nordson stock in a transaction on Friday, January 5th. The stock was sold at an average price of $149.98, for a total transaction of $1,821,057.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelly Peet sold 15,000 shares of Nordson stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $148.90, for a total value of $2,233,500.00. Following the transaction, the vice president now directly owns 29,170 shares of the company’s stock, valued at $4,343,413. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,597 shares of company stock valued at $12,623,580. Company insiders own 2.01% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.87%. Nordson’s payout ratio is presently 21.54%.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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