Nordson Corp. (NDSN) reported third quarter EPS of $1.47 after the bell Monday, up from $1.16 a year ago.
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A number of other equities analysts have also issued reports on NDSN. The stock had a trading volume of 206,005 shares. Zacks Investment Research downgraded Nordson Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th.
The stock’s average daily volume is 309,897 shares out of a total float 50,253,000 of and some 1,745,256 shares have traded hands today.
The analysts offering 12 month price targets for Nordson Corporation have a median target of $99.5, with a high estimate of $106 and a low estimate of $75. According to these analysts, the Low Revenue Estimate for Nordson Corporation is 462.8 Million and the High Revenue Estimate is 488.5 Million.
While looking at the Stock’s Performance, Nordson Corporation now shows a Weekly Performance of 13.14%, where Monthly Performance is 17.14%, Quarterly performance is 17.05%, 6 Months performance is 45.8% and yearly performance percentage is 63.89%.
In an analyst note revealed to clients on Wednesday morning, Nordson (NASDAQ:NDSN) stock had its “Neutral” Rating reconfirmed by equity analysts at Robert W. Baird. Trust Co. of Vermont boosted its stake in shares of Nordson Corp.by 3.8% in the second quarter. Covering analysts are now expecting the company to report EPS of $-0.29 for the quarter.
With a market cap of $5.7B, Nordson has a PE of 25 with a 52 week low of $51.89 and a 52 week high of $102.20.
Despite the recent surge, the company’s stock has further upside considering its strong performance and substantial increase in dividends. Nordson’s management looks very confident about its future fundamentals, as they have recently announced a huge quarterly dividend increase of 13%, the 53rd straight year of dividend increase. Investors of record on Tuesday, August 23rd will be paid a $0.27 dividend.
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Quarterly revenue rose 6% year over year, to $489.9 million, as a less than 1% negative impact from foreign currencies was more than offset by both organic volume growth of 4% and a 2% contribution from acquisitions over the past year. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. Nordson’s shares, which were still inactive in premarket trade, have soared 42% year to date, while the S&P 500 has gained 6.9%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The stock was sold at an average price of $87.72, for a total value of $570,180.00. Also, VP Douglas C. Bloomfield sold 5,674 shares of the business’s stock in a transaction dated Thursday, May 26th. The most recent short interest data show 3.71% of the company’s stock are short sold. The disclosure for this sale can be found here.
