Nordson (NDSN) Set to Announce Quarterly Earnings on Wednesday
Nordson (NASDAQ:NDSN – Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, December 13th. Analysts expect the company to announce earnings of $2.40 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Nordson Stock Down 1.0 %
Nordson stock opened at $237.99 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 2.23. Nordson has a 52-week low of $202.57 and a 52-week high of $253.40. The firm has a 50 day moving average price of $224.49 and a two-hundred day moving average price of $232.79. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.92 and a beta of 0.94.
Analyst Ratings Changes
NDSN has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Nordson from $251.00 to $253.00 and gave the stock an “outperform” rating in a report on Wednesday, August 23rd. BNP Paribas began coverage on shares of Nordson in a report on Thursday, October 5th. They set an “outperform” rating and a $275.00 price target for the company. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, Jefferies Financial Group downgraded shares of Nordson from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $260.00 to $240.00 in a research report on Tuesday, September 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.83.
Read Our Latest Analysis on NDSN
Insider Transactions at Nordson
In related news, EVP Stephen Lovass sold 221 shares of Nordson stock in a transaction on Friday, November 24th. The shares were sold at an average price of $232.59, for a total value of $51,402.39. Following the completion of the sale, the executive vice president now owns 8,868 shares of the company’s stock, valued at approximately $2,062,608.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Srinivas Subramanian sold 1,300 shares of Nordson stock in a transaction on Monday, September 18th. The shares were sold at an average price of $232.22, for a total value of $301,886.00. Following the completion of the sale, the executive vice president now owns 2,316 shares of the company’s stock, valued at approximately $537,821.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Lovass sold 221 shares of Nordson stock in a transaction on Friday, November 24th. The shares were sold at an average price of $232.59, for a total transaction of $51,402.39. Following the completion of the sale, the executive vice president now directly owns 8,868 shares of the company’s stock, valued at approximately $2,062,608.12. The disclosure for this sale can be found here. Insiders sold a total of 11,721 shares of company stock valued at $2,670,849 in the last quarter. 0.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Nordson
A number of hedge funds have recently bought and sold shares of NDSN. Morgan Stanley boosted its holdings in Nordson by 435.1% during the 4th quarter. Morgan Stanley now owns 1,275,693 shares of the industrial products company’s stock worth $303,258,000 after acquiring an additional 1,037,295 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Nordson by 16.5% during the 1st quarter. Vanguard Group Inc. now owns 5,997,575 shares of the industrial products company’s stock worth $1,361,928,000 after acquiring an additional 850,479 shares during the last quarter. Norges Bank purchased a new position in Nordson during the 4th quarter worth $176,078,000. Goldman Sachs Group Inc. raised its stake in shares of Nordson by 258.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 878,782 shares of the industrial products company’s stock worth $177,900,000 after purchasing an additional 633,821 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Nordson by 2,094.6% during the 4th quarter. Millennium Management LLC now owns 469,789 shares of the industrial products company’s stock worth $111,678,000 after purchasing an additional 448,382 shares during the period. 70.88% of the stock is owned by hedge funds and other institutional investors.
Nordson Company Profile (Get Free Report)
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 (IPS); Medical and Fluid Solutions; and Advanced Technology Solutions (ATS).
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Nordson, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Nordson wasn’t on the list.
While Nordson currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Original: MarketBeat News Feed: Nordson (NDSN) Set to Announce Quarterly Earnings on Wednesday