Positive News Coverage Somewhat Unlikely to Impact Nordson (NDSN) Stock Price

Media stories about Nordson (NASDAQ:NDSN) have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nordson earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.465976382887 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently issued reports on NDSN shares. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and set a $145.00 price target on shares of Nordson in a research report on Sunday, November 19th. SunTrust Banks reiterated a “buy” rating and set a $135.00 price target on shares of Nordson in a research report on Friday, October 27th. Barrington Research reiterated a “market perform” rating on shares of Nordson in a research report on Tuesday, January 9th. Finally, Oppenheimer reiterated a “hold” rating on shares of Nordson in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Nordson currently has an average rating of “Hold” and a consensus target price of $147.40.

Shares of Nordson (NASDAQ NDSN) traded up $0.45 during midday trading on Monday, hitting $136.91. The company had a trading volume of 272,818 shares, compared to its average volume of 266,356. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The firm has a market cap of $7,888.74, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. Nordson has a twelve month low of $107.16 and a twelve month high of $151.84.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.05. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. sell-side analysts expect that Nordson will post 6.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, February 16th. Nordson’s payout ratio is 23.62%.

In other news, VP Robert E. Veillette sold 1,594 shares of Nordson stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total transaction of $226,650.86. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelly Peet sold 15,000 shares of Nordson stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $148.90, for a total value of $2,233,500.00. Following the transaction, the vice president now owns 29,170 shares in the company, valued at approximately $4,343,413. The disclosure for this sale can be found here. Insiders sold a total of 84,597 shares of company stock worth $12,623,580 over the last 90 days. Insiders own 2.01% of the company’s stock.

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About Nordson

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.

Insider Buying and Selling by Quarter for Nordson (NASDAQ:NDSN)

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