Nordson Corporation (NASDAQ:NDSN) – KeyCorp decreased their Q2 2017 earnings per share (EPS) estimates for shares of Nordson Corporation in a research note issued to investors on Tuesday. KeyCorp analyst J. Hammond now forecasts that the firm will post earnings per share of $1.27 for the quarter, down from their previous forecast of $1.28. KeyCorp currently has a “Overweight” rating and a $135.00 target price on the stock. KeyCorp also issued estimates for Nordson Corporation’s Q3 2017 earnings at $1.62 EPS, Q4 2017 earnings at $1.42 EPS and FY2018 earnings at $5.65 EPS.

Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Wednesday, January 11th. Seaport Global Securities upgraded shares of Nordson Corporation from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 1st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Nordson Corporation in a research note on Thursday, December 22nd. Finally, Barrington Research increased their price target on shares of Nordson Corporation from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, December 16th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Nordson Corporation currently has an average rating of “Buy” and an average price target of $108.91.

Earnings History and Estimates for Nordson Corporation (NASDAQ:NDSN)

“Equities Analysts Issue Forecasts for Nordson Corporation’s Q2 2017 Earnings (NDSN)” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The correct version of this piece can be accessed at http://www.watchlistnews.com/equities-analysts-issue-forecasts-for-nordson-corporations-q2-2017-earnings-ndsn/1120797.html.

Nordson Corporation (NASDAQ:NDSN) traded down 1.18% on Thursday, reaching $118.52. 134,841 shares of the company’s stock were exchanged. Nordson Corporation has a 52-week low of $62.50 and a 52-week high of $120.91. The firm’s 50 day moving average price is $113.74 and its 200 day moving average price is $103.88. The company has a market cap of $6.80 billion, a PE ratio of 25.06 and a beta of 1.26.

Nordson Corporation (NASDAQ:NDSN) last released its earnings results on Tuesday, December 13th. The company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.15. The firm had revenue of $509 million for the quarter. Nordson Corporation had a net margin of 15.03% and a return on equity of 35.20%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 21st will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, February 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.90%. Nordson Corporation’s dividend payout ratio is currently 22.88%.

In other Nordson Corporation news, insider Gregory A. Thaxton sold 3,973 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $113.16, for a total transaction of $449,584.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is currently owned by company insiders.

“Equities Analysts Issue Forecasts for Nordson Corporation’s Q2 2017 Earnings (NDSN)” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The correct version of this piece can be accessed at http://www.watchlistnews.com/equities-analysts-issue-forecasts-for-nordson-corporations-q2-2017-earnings-ndsn/1120797.html.

Hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in Nordson Corporation during the fourth quarter worth $111,000. Advisor Group Inc. raised its stake in Nordson Corporation by 4.8% in the third quarter. Advisor Group Inc. now owns 1,341 shares of the company’s stock worth $134,000 after buying an additional 61 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Nordson Corporation by 41.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the company’s stock worth $164,000 after buying an additional 435 shares in the last quarter. Pacad Investment Ltd. raised its stake in Nordson Corporation by 14.3% in the fourth quarter. Pacad Investment Ltd. now owns 1,600 shares of the company’s stock worth $179,000 after buying an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Nordson Corporation by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,884 shares of the company’s stock worth $188,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 64.61% of the company’s stock.

About Nordson Corporation

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.

5 Day Chart for NASDAQ:NDSN

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