Headlines about Nordson (NASDAQ:NDSN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nordson earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.4176962151269 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Nordson stock traded down $1.32 during trading hours on Friday, hitting $133.95. The company had a trading volume of 210,790 shares, compared to its average volume of 238,512. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.07 and a current ratio of 1.52. Nordson has a 12 month low of $107.16 and a 12 month high of $151.84. The company has a market cap of $7,765.48, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32.
Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The company had revenue of $550.42 million for the quarter, compared to analyst estimates of $538.21 million. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. sell-side analysts predict that Nordson will post 6.33 EPS for the current fiscal year.
Several analysts have issued reports on the company. Wells Fargo restated a “market perform” rating and issued a $140.00 target price (down from $155.00) on shares of Nordson in a research note on Monday, February 26th. They noted that the move was a valuation call. DA Davidson started coverage on Nordson in a research note on Wednesday, February 21st. They issued a “buy” rating and a $160.00 target price on the stock. SunTrust Banks boosted their price objective on Nordson to $166.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Oppenheimer reiterated a “hold” rating on shares of Nordson in a research note on Thursday, December 14th. Finally, Gabelli lowered Nordson from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $152.40.
In other Nordson news, CEO Michael F. Hilton sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $137.11, for a total value of $6,855,500.00. Following the transaction, the chief executive officer now directly owns 225,774 shares in the company, valued at approximately $30,955,873.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelly Peet sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $148.90, for a total value of $2,233,500.00. Following the completion of the transaction, the vice president now owns 29,170 shares in the company, valued at $4,343,413. The disclosure for this sale can be found here. Insiders sold a total of 188,003 shares of company stock worth $26,852,329 over the last 90 days. Corporate insiders own 2.01% of the company’s stock.
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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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