Media stories about Nordson (NASDAQ:NDSN) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nordson earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.1678396808807 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Nordson (NDSN) traded down $0.32 during midday trading on Tuesday, reaching $138.57. 221,141 shares of the company traded hands, compared to its average volume of 255,457. Nordson has a fifty-two week low of $107.16 and a fifty-two week high of $151.84. The firm has a market capitalization of $8,029.22, a price-to-earnings ratio of 27.28, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.96.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The business had revenue of $574.00 million for the quarter, compared to analyst estimates of $546.76 million. During the same period in the prior year, the business posted $1.39 earnings per share. Nordson’s revenue was up 12.8% compared to the same quarter last year. equities research analysts anticipate that Nordson will post 6.28 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. B. Riley reissued a “buy” rating on shares of Nordson in a research note on Wednesday, November 1st. Gabelli lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Friday, December 15th. BidaskClub lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. SunTrust Banks increased their price objective on shares of Nordson to $166.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded shares of Nordson from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Nordson currently has an average rating of “Hold” and a consensus price target of $147.40.
In other Nordson news, VP James E. Devries sold 5,800 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $148.86, for a total value of $863,388.00. Following the sale, the vice president now directly owns 46,222 shares in the company, valued at $6,880,606.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael F. Hilton sold 12,142 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $149.98, for a total transaction of $1,821,057.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,597 shares of company stock worth $12,623,580. Company insiders own 2.01% of the company’s stock.
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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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