Nordson Corporation (NASDAQ:NDSN) Receives $252.00 Consensus Target Price from Analysts

Shares of Nordson Corporation (NASDAQ:NDSN) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $252.00.

A number of research firms have recently weighed in on NDSN. Vertical Research started coverage on shares of Nordson in a research note on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price objective on the stock. Wolfe Research started coverage on shares of Nordson in a research note on Wednesday, June 18th. They set a “peer perform” rating on the stock. Oppenheimer raised shares of Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research note on Friday, May 30th. KeyCorp dropped their price objective on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird raised their price objective on shares of Nordson from $241.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 30th.

Nordson Stock Performance

Shares of NASDAQ NDSN opened at $222.83 on Wednesday. The company has a 50 day simple moving average of $206.44 and a two-hundred day simple moving average of $205.66. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.71 and a beta of 0.89. The company has a current ratio of 2.56, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. Nordson has a 12 month low of $165.03 and a 12 month high of $266.86.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.06. The firm had revenue of $682.94 million for the quarter, compared to analyst estimates of $671.36 million. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.34 earnings per share. As a group, analysts predict that Nordson will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, June 19th were paid a $0.78 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a yield of 1.40%. Nordson’s dividend payout ratio is currently 40.10%.

Institutional Investors Weigh In On Nordson

Institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC lifted its holdings in Nordson by 118.5% in the 2nd quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock valued at $72,048,000 after purchasing an additional 182,305 shares in the last quarter. Inspire Investing LLC lifted its holdings in Nordson by 9.9% in the 1st quarter. Inspire Investing LLC now owns 6,897 shares of the industrial products company’s stock valued at $1,391,000 after purchasing an additional 621 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Nordson by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company’s stock valued at $51,088,000 after purchasing an additional 9,679 shares in the last quarter. MBB Public Markets I LLC purchased a new position in Nordson in the 1st quarter valued at $298,000. Finally, Caxton Associates LLP purchased a new position in Nordson in the 1st quarter valued at $458,000. Institutional investors and hedge funds 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.