Nordson Corp. (NDSN) Shares Gap Up to $99.19
Shares of Nordson Corp. (NASDAQ:NDSN) gapped up prior to trading on Friday . The stock had previously closed at $98.87, but opened at $99.19. Nordson Corp. shares last traded at $99.99, with a volume of 83,037 shares traded.
NDSN has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their target price on shares of Nordson Corp. from $74.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 25th. Barrington Research lifted their target price on shares of Nordson Corp. from $102.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Nordson Corp. from a “hold” rating to a “strong-buy” rating and set a $102.00 target price for the company in a research note on Friday, May 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $92.00 target price (up from $83.00) on shares of Nordson Corp. in a research note on Thursday, May 26th. Finally, Robert W. Baird lowered their target price on shares of Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating for the company in a research note on Wednesday, August 24th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Nordson Corp. currently has an average rating of “Buy” and a consensus price target of $103.90.
The stock has a market capitalization of $5.75 billion and a PE ratio of 23.71. The firm’s 50-day moving average is $91.82 and its 200-day moving average is $81.99.
Nordson Corp. (NASDAQ:NDSN) last released its earnings results on Monday, August 22nd. The company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. The firm had revenue of $489.89 million for the quarter. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. On average, equities research analysts anticipate that Nordson Corp. will post $4.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.27 per share. This is a boost from Nordson Corp.’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, August 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%.
In related news, insider Gregory P. Merk sold 16,600 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $100.30, for a total value of $1,664,980.00. Following the completion of the transaction, the insider now directly owns 45,812 shares of the company’s stock, valued at $4,594,943.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory P. Merk sold 19,800 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $100.24, for a total value of $1,984,752.00. Following the completion of the transaction, the insider now directly owns 59,715 shares of the company’s stock, valued at $5,985,831.60. The disclosure for this sale can be found here.
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