Nordson (NASDAQ:NDSN) Reaches New 1-Year Low – What’s Next?

Nordson Co. (NASDAQ:NDSN) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $203.10 and last traded at $203.56, with a volume of 13719 shares. The stock had previously closed at $205.43.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird reissued a “neutral” rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $279.00.

Nordson Trading Down 1.0 %

The stock has a 50 day moving average of $239.75 and a 200-day moving average of $243.68. The company has a market capitalization of $11.60 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.70 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. During the same period in the prior year, the business posted $2.46 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, research analysts predict that Nordson Co. will post 10.34 EPS for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Buying and Selling at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,738,159.50. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 629 shares of company stock valued at $164,460 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nordson

Several institutional investors have recently modified their holdings of the stock. Procyon Advisors LLC lifted its position in Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after buying an additional 39 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Nordson by 1.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after acquiring an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Nordson by 1.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after purchasing an additional 42 shares during the period. Covestor Ltd grew its holdings in Nordson by 18.8% during the 3rd quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 43 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Nordson by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 49 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Company Profile

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.