FY2019 EPS Estimates for Nordson Co. Reduced by DA Davidson (NDSN)

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Nordson Co. (NASDAQ:NDSN) – Research analysts at DA Davidson dropped their FY2019 earnings per share (EPS) estimates for Nordson in a research report issued on Wednesday, May 22nd. DA Davidson analyst M. Summerville now expects that the industrial products company will post earnings per share of $6.15 for the year, down from their prior forecast of $6.25. DA Davidson also issued estimates for Nordson’s Q4 2019 earnings at $1.88 EPS and Q4 2020 earnings at $2.06 EPS.

Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. ValuEngine upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.00.

Shares of Nordson stock opened at $131.23 on Thursday. Nordson has a 1 year low of $110.16 and a 1 year high of $149.23. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.67 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.16 and a quick ratio of 1.84.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). Nordson had a net margin of 14.64% and a return on equity of 22.46%. The firm had revenue of $551.00 million during the quarter, compared to the consensus estimate of $558.34 million. During the same quarter last year, the business posted $0.15 earnings per share. Nordson’s revenue was down .5% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC raised its stake in shares of Nordson by 1.5% during the first quarter. Advisory Services Network LLC now owns 6,125 shares of the industrial products company’s stock worth $812,000 after acquiring an additional 92 shares in the last quarter. FMR LLC raised its stake in shares of Nordson by 7,456.8% during the first quarter. FMR LLC now owns 48,061 shares of the industrial products company’s stock worth $6,369,000 after acquiring an additional 47,425 shares in the last quarter. RMB Capital Management LLC raised its stake in shares of Nordson by 3.6% during the first quarter. RMB Capital Management LLC now owns 167,356 shares of the industrial products company’s stock worth $22,178,000 after acquiring an additional 5,866 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Nordson by 6.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,549 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 145 shares in the last quarter. Finally, BRYN MAWR TRUST Co raised its stake in shares of Nordson by 0.7% during the first quarter. BRYN MAWR TRUST Co now owns 75,686 shares of the industrial products company’s stock worth $10,029,000 after acquiring an additional 493 shares in the last quarter. 69.66% of the stock is currently owned by hedge funds and other institutional investors.

In other Nordson news, CEO Michael F. Hilton sold 4,000 shares of Nordson stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $137.98, for a total transaction of $551,920.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Keane sold 43,900 shares of Nordson stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $132.69, for a total transaction of $5,825,091.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,560 shares of company stock valued at $9,831,639. 1.97% of the stock is currently owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, May 24th. This represents a $1.40 annualized dividend and a yield of 1.07%. Nordson’s payout ratio is presently 23.57%.

About Nordson

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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Earnings History and Estimates for Nordson (NASDAQ:NDSN)

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