Nordson Co. (NASDAQ:NDSN – Get Free Report) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $279.40.
A number of equities research analysts have commented on NDSN shares. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. DA Davidson dropped their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Robert W. Baird dropped their target price on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd.
Get Our Latest Stock Analysis on NDSN
Institutional Trading of Nordson
Nordson Trading Down 0.1 %
Shares of NASDAQ:NDSN opened at $239.47 on Friday. Nordson has a 52 week low of $208.91 and a 52 week high of $279.38. The company’s 50 day moving average is $235.40 and its two-hundred day moving average is $251.61. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market cap of $13.71 billion, a PE ratio of 28.54, a P/E/G ratio of 1.97 and a beta of 0.91.
Nordson (NASDAQ:NDSN – Get Free Report) last announced its quarterly earnings data 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. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. During the same period in the prior year, the firm posted $2.26 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts predict that Nordson will post 9.52 earnings per share for the current fiscal year.
Nordson Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is 37.19%.
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.
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