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

Nordson Co. (NASDAQ:NDSN) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $250.20.

A number of analysts have weighed in on the stock. KeyCorp cut their price objective on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and upped their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th.

Hedge Funds Weigh In On Nordson

Hedge funds and other institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Nordson by 86.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 52 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Nordson during the fourth quarter worth about $62,000. Finally, Brooklyn Investment Group grew its stake in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 278 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Up 0.1 %

Shares of NDSN opened at $180.81 on Friday. Nordson has a 1 year low of $165.03 and a 1 year high of $279.38. The company’s 50-day simple moving average is $202.08 and its 200-day simple moving average is $224.64. The stock has a market capitalization of $10.29 billion, a PE ratio of 23.00, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Analysts forecast that Nordson will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, March 20th. Nordson’s dividend payout ratio is currently 39.69%.

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.