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

Shares of Nordson Co. (NASDAQ:NDSN) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $256.20.

Several research analysts recently issued reports on NDSN shares. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and lifted their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Monday, February 24th.

Nordson Stock Performance

NDSN opened at $200.46 on Monday. Nordson has a 1-year low of $196.83 and a 1-year high of $279.38. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.65 and a beta of 0.92. The company’s fifty day moving average price is $213.03 and its two-hundred day moving average price is $232.35. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. On average, analysts expect that Nordson will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.56%. Nordson’s payout ratio is 39.69%.

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 stock was sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in Nordson in the third quarter worth $203,000. Pathstone Holdings LLC raised its stake in Nordson by 2.8% during the 3rd quarter. Pathstone Holdings LLC now owns 7,384 shares of the industrial products company’s stock valued at $1,939,000 after buying an additional 203 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Nordson during the third quarter valued at $371,000. PNC Financial Services Group Inc. raised its position in Nordson by 10.4% in the third quarter. PNC Financial Services Group Inc. now owns 12,184 shares of the industrial products company’s stock worth $3,200,000 after acquiring an additional 1,146 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Nordson during the 3rd quarter valued at about $1,424,000. Institutional investors own 72.11% of the company’s stock.

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.