Nordson Co. (NASDAQ:NDSN) Receives $250.20 Average Target Price from Analysts

Nordson Co. (NASDAQ:NDSN) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $250.20.

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

Hedge Funds Weigh In On Nordson

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC acquired a new position in Nordson during the fourth quarter worth approximately $4,553,000. Southern Style Financial Inc. bought a new position in Nordson during the 4th quarter valued at $399,000. Clark & Stuart Inc bought a new position in Nordson during the 4th quarter valued at $4,137,000. Pacer Advisors Inc. boosted its stake in Nordson by 34.5% during the 4th quarter. Pacer Advisors Inc. now owns 8,895 shares of the industrial products company’s stock valued at $1,861,000 after acquiring an additional 2,282 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Nordson by 4.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,619 shares of the industrial products company’s stock worth $25,866,000 after buying an additional 4,963 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Down 0.0%

Shares of NASDAQ NDSN opened at $201.10 on Tuesday. The company has a 50 day simple moving average of $192.93 and a 200-day simple moving average of $215.91. The company has a market capitalization of $11.45 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. Nordson has a 1 year low of $165.03 and a 1 year high of $274.72.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The firm had revenue of $615.42 million for 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%. On average, equities research analysts predict that Nordson will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s payout ratio is 39.69%.

About Nordson

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.