Barrington Research Analysts Cut Earnings Estimates for Nordson Co. (NDSN)
Nordson Co. (NASDAQ:NDSN) – Stock analysts at Barrington Research cut their FY2017 earnings estimates for Nordson in a research note issued to investors on Tuesday. Barrington Research analyst M. Gall now forecasts that the industrial products company will post earnings of $5.29 per share for the year, down from their prior forecast of $5.35. Barrington Research also issued estimates for Nordson’s Q4 2017 earnings at $1.30 EPS.
NDSN has been the topic of a number of other research reports. BidaskClub downgraded Nordson from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $130.00 price objective (up previously from $122.00) on shares of Nordson in a research note on Thursday, May 25th. Wellington Shields raised Nordson from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, June 2nd. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Nordson in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Nordson currently has a consensus rating of “Hold” and an average target price of $118.00.
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Shares of Nordson (NASDAQ:NDSN) opened at 108.97 on Wednesday. The firm has a market capitalization of $6.28 billion, a P/E ratio of 22.97 and a beta of 1.35. The firm’s 50-day moving average is $124.28 and its 200-day moving average is $122.52. Nordson has a 52 week low of $94.56 and a 52 week high of $131.49.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The firm had revenue of $589.40 million for the quarter, compared to the consensus estimate of $574.20 million. Nordson had a net margin of 17.21% and a return on equity of 39.77%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be issued a $0.30 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.10%. Nordson’s payout ratio is 25.32%.
Several institutional investors have recently made changes to their positions in NDSN. Mckinley Capital Management LLC Delaware acquired a new position in Nordson during the second quarter worth about $104,000. Financial Architects Inc boosted its position in Nordson by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after buying an additional 100 shares during the last quarter. D.A. Davidson & CO. boosted its position in Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in Nordson during the first quarter worth about $126,000. Finally, IFP Advisors Inc boosted its position in Nordson by 44.8% in the first quarter. IFP Advisors Inc now owns 1,389 shares of the industrial products company’s stock worth $171,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 66.43% of the company’s stock.
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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