Nordson Corp. (NDSN) Sets New 52-Week High at $92.00
Shares of Nordson Corp. (NASDAQ:NDSN) hit a new 52-week high during trading on Friday . The stock traded as high as $92.00 and last traded at $91.97, with a volume of 195,298 shares trading hands. The stock had previously closed at $91.15.
Several analysts recently commented on NDSN shares. Gabelli started coverage on shares of Nordson Corp. in a research note on Friday, June 10th. They issued a “buy” rating and a $100.00 price objective for the company. Zacks Investment Research upgraded shares of Nordson Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Sidoti cut shares of Nordson Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $92.00 price objective (up previously from $83.00) on shares of Nordson Corp. in a research note on Thursday, May 26th. Finally, Barrington Research reduced their price objective on shares of Nordson Corp. from $102.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, May 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Nordson Corp. presently has an average rating of “Buy” and an average target price of $88.43.
The firm has a market capitalization of $5.26 billion and a P/E ratio of 23.47. The stock has a 50-day moving average price of $88.07 and a 200 day moving average price of $79.30.
Nordson Corp. (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, May 23rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.27. During the same period in the prior year, the company posted $0.80 earnings per share. The firm had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $414.84 million. Nordson Corp.’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts expect that Nordson Corp. will post $4.28 EPS for the current year.
The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. This is an increase from Nordson Corp.’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, August 19th.
In other news, VP Robert E. Veillette sold 6,500 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $87.72, for a total value of $570,180.00. Following the completion of the sale, the vice president now directly owns 40,637 shares of the company’s stock, valued at $3,564,677.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey A. Pembroke sold 2,600 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $89.00, for a total transaction of $231,400.00. Following the completion of the sale, the vice president now directly owns 2,677 shares of the company’s stock, valued at $238,253. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Nordson Corp. by 64.7% in the fourth quarter. Wells Fargo & Company MN now owns 222,957 shares of the company’s stock worth $14,302,000 after buying an additional 87,618 shares during the period. I.G. Investment Management LTD. raised its stake in Nordson Corp. by 7.0% in the fourth quarter. I.G. Investment Management LTD. now owns 143,200 shares of the company’s stock worth $9,186,000 after buying an additional 9,400 shares during the period. Employees Retirement System of Texas raised its stake in Nordson Corp. by 54.7% in the fourth quarter. Employees Retirement System of Texas now owns 82,000 shares of the company’s stock worth $5,260,000 after buying an additional 29,000 shares during the period. Finally, Nicholas Co. Inc. WI raised its stake in Nordson Corp. by 30.0% in the fourth quarter. Nicholas Co. Inc. WI now owns 130,105 shares of the company’s stock worth $8,346,000 after buying an additional 30,000 shares during the period.
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