Nordson Co. (NASDAQ:NDSN) Given Consensus Recommendation of “Hold” by Brokerages

Nordson Co. (NASDAQ:NDSN – Get Rating) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $255.20.

NDSN has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Nordson in a report on Thursday. They set a “hold” rating for the company. Robert W. Baird cut their price target on shares of Nordson from $259.00 to $241.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd.

Nordson Trading Down 1.2 %

Shares of Nordson stock opened at $204.02 on Friday. The firm has a market capitalization of $11.68 billion, a PE ratio of 23.78, a P/E/G ratio of 1.76 and a beta of 0.91. Nordson has a twelve month low of $194.89 and a twelve month high of $251.26. The firm’s 50-day moving average price is $232.18 and its 200 day moving average price is $229.06. The company has a current ratio of 1.43, a quick ratio of 0.89 and a debt-to-equity ratio of 0.25.

Nordson (NASDAQ:NDSN – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The industrial products company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $610.48 million during the quarter, compared to analyst estimates of $625.87 million. Nordson had a net margin of 19.18% and a return on equity of 23.67%. During the same quarter in the previous year, the company posted $2.07 EPS. On average, sell-side analysts predict that Nordson will post 9.03 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Tuesday, February 21st were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, February 17th. This represents a $2.60 annualized dividend and a yield of 1.27%. Nordson’s dividend payout ratio (DPR) is presently 30.30%.

Insider Activity at Nordson

In related news, EVP Jeffrey A. Pembroke sold 5,000 shares of Nordson stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $243.48, for a total value of $1,217,400.00. Following the completion of the sale, the executive vice president now owns 17,600 shares in the company, valued at approximately $4,285,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nordson news, EVP Jeffrey A. Pembroke sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $243.48, for a total value of $1,217,400.00. Following the completion of the transaction, the executive vice president now owns 17,600 shares of the company’s stock, valued at approximately $4,285,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph P. Kelley sold 2,100 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $246.43, for a total transaction of $517,503.00. Following the completion of the transaction, the chief financial officer now directly owns 9,091 shares of the company’s stock, valued at approximately $2,240,295.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,403 shares of company stock worth $2,515,941. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently modified their holdings of NDSN. Salem Investment Counselors Inc. purchased a new stake in Nordson during the 2nd quarter worth about $31,000. Asset Dedication LLC lifted its holdings in Nordson by 1,258.3% during the 4th quarter. Asset Dedication LLC now owns 163 shares of the industrial products company’s stock worth $39,000 after buying an additional 151 shares during the last quarter. Private Trust Co. NA purchased a new stake in Nordson during the 2nd quarter worth about $46,000. Bessemer Group Inc. lifted its holdings in Nordson by 33.1% during the 3rd quarter. Bessemer Group Inc. now owns 213 shares of the industrial products company’s stock worth $46,000 after buying an additional 53 shares during the last quarter. Finally, Romano Brothers AND Company purchased a new stake in Nordson during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 70.40% of the company’s stock.

Nordson Company Profile

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Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.