Nordson (NASDAQ:NDSN) Issues Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Nordson (NASDAQ:NDSNGet Rating) posted its quarterly earnings results on Monday. The industrial products company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.14, MarketWatch Earnings reports. Nordson had a net margin of 20.34% and a return on equity of 23.76%. The firm had revenue of $635.40 million for the quarter, compared to analyst estimates of $644.90 million. During the same quarter in the previous year, the business posted $2.12 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year.

NDSN stock opened at $205.90 on Tuesday. The firm has a 50 day simple moving average of $219.73 and a 200 day simple moving average of $235.25. Nordson has a 52 week low of $200.09 and a 52 week high of $272.28. The stock has a market cap of $11.93 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 2.45.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Tuesday, May 24th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.99%. Nordson’s dividend payout ratio is 24.09%.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Nordson by 23.0% during the 2nd quarter. Morgan Stanley now owns 82,584 shares of the industrial products company’s stock worth $18,128,000 after purchasing an additional 15,444 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Nordson in the fourth quarter worth approximately $382,000. Squarepoint Ops LLC bought a new position in shares of Nordson in the 4th quarter valued at approximately $337,000. Canada Pension Plan Investment Board acquired a new stake in Nordson in the 4th quarter worth approximately $243,000. Finally, MML Investors Services LLC boosted its position in Nordson by 5.3% during the fourth quarter. MML Investors Services LLC now owns 3,548 shares of the industrial products company’s stock worth $906,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 81.23% of the company’s stock.

A number of brokerages have recently issued reports on NDSN. Loop Capital began coverage on Nordson in a research report on Tuesday, March 29th. They set a “hold” rating and a $250.00 target price on the stock. StockNews.com upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $275.40.

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).

Further Reading

Earnings History for Nordson (NASDAQ:NDSN)

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