Nordson Corp. (NDSN) Shares Gap Up to $99.19
Nordson Corp. (NASDAQ:NDSN) gapped up before the market opened 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 changing hands.
Several equities research analysts have commented on NDSN shares. KeyCorp started coverage on shares of Nordson Corp. in a report on Tuesday, May 10th. They set a “sector weight” rating on the stock. Zacks Investment Research downgraded shares of Nordson Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Barrington Research upped their price objective on shares of Nordson Corp. from $102.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 23rd. Wunderlich upped their price objective on shares of Nordson Corp. from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Finally, Robert W. Baird dropped their price objective on shares of Nordson Corp. from $106.00 to $91.00 and set a “neutral” rating on the stock in a report on Wednesday, August 24th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Nordson Corp. presently has a consensus rating of “Buy” and an average price target of $103.90.
The firm has a 50-day moving average of $91.82 and a 200-day moving average of $81.99. The company has a market cap of $5.75 billion and a P/E ratio of 23.71.
Nordson Corp. (NASDAQ:NDSN) last released its quarterly earnings data on Monday, August 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.33 by $0.14. The business earned $489.89 million during the quarter. During the same period last year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Nordson Corp. will post $4.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.27 per share. 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%. This is a positive change from Nordson Corp.’s previous quarterly dividend of $0.24.
In other Nordson Corp. news, insider Gregory P. Merk sold 16,600 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $100.30, for a total transaction of $1,664,980.00. Following the completion of the sale, the insider now directly owns 45,812 shares in the company, valued at approximately $4,594,943.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James E. Devries sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $88.02, for a total value of $440,100.00. Following the sale, the vice president now owns 37,393 shares of the company’s stock, valued at $3,291,331.86. The disclosure for this sale can be found here.
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