Nordson (NASDAQ:NDSN) Earning Somewhat Favorable News Coverage, Accern Reports
Headlines about Nordson (NASDAQ:NDSN) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nordson earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.443733392047 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts have issued reports on the company. KeyCorp reiterated a “buy” rating and issued a $145.00 target price on shares of Nordson in a research note on Sunday, November 19th. B. Riley restated a “buy” rating on shares of Nordson in a report on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and issued a $135.00 target price on shares of Nordson in a report on Friday, October 27th. Zacks Investment Research upgraded Nordson from a “sell” rating to a “buy” rating and set a $140.00 price target for the company in a report on Tuesday, October 24th. Finally, BidaskClub cut Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $147.40.
Nordson (NDSN) traded down $3.65 during midday trading on Monday, hitting $146.45. The stock had a trading volume of 47,129 shares, compared to its average volume of 244,498. The stock has a market cap of $8,677.27, a PE ratio of 29.55, a PEG ratio of 1.62 and a beta of 1.39. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.10. Nordson has a fifty-two week low of $107.16 and a fifty-two week high of $151.84.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Monday, December 18th. Nordson’s dividend payout ratio is presently 23.62%.
In other news, VP James E. Devries sold 5,800 shares of Nordson stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $148.86, for a total transaction of $863,388.00. Following the transaction, the vice president now directly owns 46,222 shares of the company’s stock, valued at $6,880,606.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP John J. Keane sold 20,000 shares of Nordson stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $150.35, for a total transaction of $3,007,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,597 shares of company stock valued at $12,623,580 in the last ninety days. Company insiders own 2.01% of the company’s stock.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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