Nordson Co. (NASDAQ:NDSN) Receives $279.40 Consensus Target Price from Analysts

Shares of Nordson Co. (NASDAQ:NDSN) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $279.40.

Several equities research analysts have recently weighed in on the stock. DA Davidson decreased their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, Robert W. Baird dropped their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd.

Nordson Trading Up 2.2 %

NDSN opened at $245.95 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson has a 52 week low of $208.91 and a 52 week high of $279.38. The business’s 50 day moving average is $233.79 and its two-hundred day moving average is $253.22. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $650.64 million for the quarter, compared to analysts’ expectations of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.26 EPS. On average, research analysts predict that Nordson will post 9.52 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s dividend payout ratio (DPR) is 32.42%.

Institutional Trading of Nordson

A number of institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Nordson in the 4th quarter valued at about $158,948,000. Public Employees Retirement Association of Colorado grew its holdings in Nordson by 1,579.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 347,371 shares of the industrial products company’s stock valued at $91,762,000 after purchasing an additional 326,690 shares during the period. Swedbank AB acquired a new position in Nordson during the first quarter worth approximately $48,044,000. Price T Rowe Associates Inc. MD increased its position in Nordson by 237.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 247,861 shares of the industrial products company’s stock worth $68,049,000 after purchasing an additional 174,330 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Nordson by 24,445.4% during the fourth quarter. International Assets Investment Management LLC now owns 158,809 shares of the industrial products company’s stock worth $41,951,000 after purchasing an additional 158,162 shares during the period. 72.11% of the stock is currently owned by hedge funds and other 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.