Nordson (NASDAQ:NDSN) Issues Earnings Results

Nordson (NASDAQ:NDSN) posted its earnings results on Wednesday. The industrial products company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19, Briefing.com reports. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. Nordson updated its Q1 guidance to $1.95-$2.15 EPS and its FY25 guidance to $9.70-$10.50 EPS.

Nordson Stock Performance

Shares of Nordson stock traded down $3.32 on Wednesday, reaching $249.55. The stock had a trading volume of 521,234 shares, compared to its average volume of 234,452. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.52 and a current ratio of 2.36. The business’s 50-day moving average price is $255.25 and its two-hundred day moving average price is $245.91. The stock has a market cap of $14.27 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. Nordson has a fifty-two week low of $222.18 and a fifty-two week high of $279.38.

Insider Buying and Selling

In related news, EVP Stephen Lovass sold 317 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of Nordson stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,629 shares of company stock worth $914,400 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Robert W. Baird increased their target price on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $299.00.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.