Shares of Nordson Co. (NASDAQ:NDSN) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $151.29.
Several analysts have issued reports on the stock. BidaskClub lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Barrington Research reiterated a “market perform” rating on shares of Nordson in a report on Tuesday, January 9th. KeyCorp reiterated a “buy” rating and set a $165.00 target price (up from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. SunTrust Banks raised their price objective on shares of Nordson to $166.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, Gabelli lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Friday, December 15th.
Nordson (NASDAQ:NDSN) traded down $0.11 during midday trading on Wednesday, reaching $138.89. 221,300 shares of the company’s stock traded hands, compared to its average volume of 256,497. 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 twelve month low of $107.16 and a twelve month high of $151.84. The stock has a market capitalization of $8,030.00, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.
Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.05. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The business had revenue of $574.00 million during the quarter, compared to analyst estimates of $546.76 million. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. equities analysts expect that Nordson will post 6.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 0.86%. Nordson’s dividend payout ratio (DPR) is presently 23.86%.
In other Nordson news, VP Robert E. Veillette sold 1,594 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total transaction of $226,650.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph P. Keithley sold 1,518 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $149.89, for a total transaction of $227,533.02. The disclosure for this sale can be found here. Insiders sold 84,597 shares of company stock valued at $12,623,580 over the last 90 days. 2.01% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NDSN. Advisory Services Network LLC increased its position in shares of Nordson by 972.7% during the fourth quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 963 shares in the last quarter. Sapphire Star Partners LP bought a new stake in shares of Nordson during the fourth quarter valued at approximately $212,000. Sequoia Financial Advisors LLC bought a new stake in shares of Nordson during the fourth quarter valued at approximately $213,000. MML Investors Services LLC bought a new stake in shares of Nordson during the fourth quarter valued at approximately $214,000. Finally, IPG Investment Advisors LLC bought a new stake in shares of Nordson during the fourth quarter valued at approximately $220,000. 66.96% of the stock is owned by institutional investors and hedge funds.
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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