Nordson Co. (NASDAQ:NDSN) Receives Average Rating of “Moderate Buy” from Analysts

Nordson Co. (NASDAQ:NDSN) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $279.00.

Several research analysts have commented on NDSN shares. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson reduced their price target 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, Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th.

Insider Buying and Selling

In other news, EVP Stephen Lovass sold 1,299 shares of Nordson stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the transaction, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. The trade was a 15.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 $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. Over the last 90 days, insiders have sold 1,928 shares of company stock worth $433,080. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NDSN. State Street Corp boosted its position in shares of Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after purchasing an additional 177,282 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Nordson by 2.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Nordson by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,443,366 shares of the industrial products company’s stock worth $377,919,000 after buying an additional 14,780 shares during the period. American Century Companies Inc. grew its position in shares of Nordson by 2.7% in the second quarter. American Century Companies Inc. now owns 601,984 shares of the industrial products company’s stock valued at $139,624,000 after purchasing an additional 15,947 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after buying an additional 48,720 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Down 1.0 %

Shares of NDSN opened at $200.12 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41. Nordson has a 1 year low of $196.83 and a 1 year high of $279.38. The stock has a market capitalization of $11.41 billion, a PE ratio of 24.68, a P/E/G ratio of 1.70 and a beta of 0.95. The company’s 50-day simple moving average is $236.88 and its 200-day simple moving average is $243.07.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter last year, the company earned $2.46 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Nordson will post 10.34 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.56%. Nordson’s dividend payout ratio (DPR) is presently 38.47%.

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.