Somewhat Positive Media Coverage Somewhat Unlikely to Impact Nordson (NDSN) Share Price
News headlines about Nordson (NASDAQ:NDSN) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nordson earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.7492896930817 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- State Farm Mutual Automobile Insurance Co. Increases Holdings in Nordson Co. (NDSN) (americanbankingnews.com)
- The Manufacturers Life Insurance Company Buys 9,556 Shares of Nordson Co. (NDSN) (americanbankingnews.com)
- Nordson Co. (NDSN) Shares Sold by Bank of New York Mellon Corp (americanbankingnews.com)
- SunTrust Banks Comments on Nordson Co.’s FY2020 Earnings (NDSN) (americanbankingnews.com)
- FY2019 EPS Estimates for Nordson Co. Lifted by Analyst (NDSN) (americanbankingnews.com)
NDSN has been the subject of several recent analyst reports. B. Riley set a $175.00 target price on Nordson and gave the stock a “buy” rating in a research report on Friday, February 23rd. DA Davidson initiated coverage on Nordson in a research report on Wednesday, February 21st. They issued a “buy” rating and a $160.00 target price for the company. BidaskClub cut Nordson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. SunTrust Banks raised their target price on Nordson to $166.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $145.00 target price on shares of Nordson in a research report on Sunday, November 19th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $152.40.
Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.01. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The business had revenue of $550.42 million during the quarter, compared to analyst estimates of $538.21 million. During the same period last year, the company earned $0.86 earnings per share. Nordson’s quarterly revenue was up 35.1% compared to the same quarter last year. sell-side analysts anticipate that Nordson will post 6.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.89%. Nordson’s dividend payout ratio is 20.00%.
In related news, insider Gregory A. Thaxton sold 3,868 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $148.28, for a total transaction of $573,547.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph P. Keithley sold 1,518 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $149.89, for a total value of $227,533.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,597 shares of company stock valued at $12,623,580. 2.01% of the stock is owned by corporate insiders.
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Nordson Company Profile
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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