Nordson Corp. (NDSN) Shares Gap Down to $99.19
Shares of Nordson Corp. (NASDAQ:NDSN) gapped down prior to trading on Monday . The stock had previously closed at $98.87, but opened at $99.19. Nordson Corp. shares last traded at $100.57, with a volume of 243,800 shares trading hands.
A number of equities analysts have issued reports on NDSN shares. Seaport Global Securities lifted their target price on shares of Nordson Corp. from $99.00 to $115.00 in a research report on Wednesday, August 24th. Gabelli started coverage on shares of Nordson Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $100.00 target price for the company. Wunderlich lifted their target price on shares of Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. SunTrust Banks Inc. lifted their target price on shares of Nordson Corp. from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Finally, Zacks Investment Research cut shares of Nordson Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $103.90.
The company has a market capitalization of $5.75 billion and a PE ratio of 23.71. The stock’s 50 day moving average price is $91.82 and its 200-day moving average price is $81.99.
Nordson Corp. (NASDAQ:NDSN) last announced its earnings results on Monday, August 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. During the same period in the previous year, the company earned $1.16 EPS. The company earned $489.89 million during the quarter. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Nordson Corp. will post $4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd will be given a $0.27 dividend. This is an increase from Nordson Corp.’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, August 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.07%.
In related news, VP James E. Devries sold 5,000 shares of the 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 completion of the transaction, the vice president now owns 37,393 shares in the company, valued at approximately $3,291,331.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory P. Merk sold 19,800 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $100.24, for a total transaction of $1,984,752.00. Following the completion of the transaction, the insider now owns 59,715 shares of the company’s stock, valued at approximately $5,985,831.60. The disclosure for this sale can be found here.
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