Nordson Co. (NASDAQ:NDSN) Forecasted to Earn FY2022 Earnings of $9.05 Per Share

Nordson Co. (NASDAQ:NDSN – Get Rating) – Research analysts at KeyCorp reduced their FY2022 EPS estimates for shares of Nordson in a research note issued to investors on Tuesday, April 26th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings per share of $9.05 for the year, down from their prior estimate of $9.15.

A number of other equities analysts also recently commented on NDSN. Wells Fargo & Company raised their price objective on Nordson from $280.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, January 10th. Loop Capital began coverage on Nordson in a report on Tuesday, March 29th. They issued a “hold” rating and a $250.00 price objective on the stock. Finally, StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a report on Sunday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Nordson presently has a consensus rating of “Hold” and an average target price of $275.40.

NASDAQ NDSN opened at $216.34 on Thursday. The business’s 50-day moving average price is $223.65 and its 200 day moving average price is $240.30. Nordson has a twelve month low of $197.20 and a twelve month high of $272.28. The company has a market capitalization of $12.53 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Nordson (NASDAQ:NDSN – Get Rating) last released its earnings results on Tuesday, February 22nd. The industrial products company reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.14. Nordson had a return on equity of 23.76% and a net margin of 20.34%. The firm had revenue of $609.20 million for the quarter, compared to the consensus estimate of $607.21 million. During the same period in the prior year, the business posted $1.32 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Hedge funds and other institutional investors have recently modified their holdings of the business. California Public Employees Retirement System grew its stake in Nordson by 0.5% during the 3rd quarter. California Public Employees Retirement System now owns 130,715 shares of the industrial products company’s stock valued at $31,130,000 after purchasing an additional 616 shares in the last quarter. Synovus Financial Corp bought a new position in Nordson during the 3rd quarter worth approximately $575,000. Commonwealth Equity Services LLC lifted its holdings in Nordson by 5.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,454 shares of the industrial products company’s stock worth $2,413,000 after buying an additional 526 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in Nordson by 133.1% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 7,880 shares of the industrial products company’s stock worth $1,877,000 after buying an additional 4,500 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Nordson by 2.0% during the 4th quarter. M&T Bank Corp now owns 5,794 shares of the industrial products company’s stock worth $1,479,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Tuesday, February 22nd were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 0.94%. Nordson’s dividend payout ratio (DPR) is presently 24.09%.

Nordson Company Profile (Get Rating)

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

Recommended Stories