Nordson (NASDAQ:NDSN) Announces Quarterly Earnings Results

Nordson (NASDAQ:NDSN) released its earnings results on Wednesday. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19, Briefing.com reports. The business had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.80% and a net margin of 17.75%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last 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 Down 1.3 %

Shares of Nordson stock traded down $3.32 during trading on Wednesday, hitting $249.55. 526,376 shares of the stock traded hands, compared to its average volume of 234,474. Nordson has a 52-week low of $222.18 and a 52-week high of $279.38. The stock’s fifty day simple moving average is $255.25 and its 200 day simple moving average is $245.91. The firm 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. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock worth $914,400 in the last three months. Corporate insiders own 0.86% of the company’s stock.

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.