Nordson (NASDAQ:NDSN) Reaches New 1-Year Low – Time to Sell?

by · The Cerbat Gem

Nordson Co. (NASDAQ:NDSN – Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $221.99 and last traded at $222.64, with a volume of 74502 shares changing hands. The stock had previously closed at $224.01.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NDSN. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson cut their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $279.00.

View Our Latest Analysis on NDSN

Nordson Price Performance

The stock has a market cap of $11.98 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The business’s 50 day moving average price is $251.19 and its two-hundred day moving average price is $245.32. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The business had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. During the same period in the previous year, the firm posted $2.46 EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Nordson Co. will post 10.34 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.49%. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Activity

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,629 shares of company stock worth $914,400. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NDSN. Principal Financial Group Inc. increased its holdings in shares of Nordson by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company’s stock worth $77,723,000 after purchasing an additional 13,184 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Nordson by 6.2% in the third quarter. Franklin Resources Inc. now owns 84,697 shares of the industrial products company’s stock worth $21,841,000 after purchasing an additional 4,919 shares during the last quarter. Tidal Investments LLC grew its position in Nordson by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 14,181 shares of the industrial products company’s stock worth $3,724,000 after purchasing an additional 257 shares during the period. Sanctuary Advisors LLC increased its position in Nordson by 8.3% during the third quarter. Sanctuary Advisors LLC now owns 17,311 shares of the industrial products company’s stock valued at $4,523,000 after acquiring an additional 1,326 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock valued at $377,919,000 after purchasing an additional 14,780 shares during the period. Institutional investors own 72.11% of the company’s stock.

About Nordson

(Get Free Report)

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 three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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