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

Nordson Co. (NASDAQ:NDSN) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $256.20.

NDSN has been the subject of a number of recent analyst reports. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research note on Friday, December 13th. DA Davidson cut their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th.

Insider Transactions at Nordson

In related news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Nordson

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its position in Nordson by 8.1% during the 4th quarter. California State Teachers Retirement System now owns 89,333 shares of the industrial products company’s stock valued at $18,692,000 after acquiring an additional 6,662 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Nordson by 9.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company’s stock valued at $958,000 after purchasing an additional 414 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of Nordson during the fourth quarter valued at approximately $8,648,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nordson in the 4th quarter worth approximately $15,292,000. Finally, Forum Financial Management LP purchased a new stake in shares of Nordson in the 4th quarter worth approximately $204,000. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ NDSN opened at $203.86 on Monday. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.65 and a beta of 0.92. The company has a 50-day simple moving average of $213.54 and a two-hundred day simple moving average of $233.58. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The company 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%. On average, equities analysts forecast that Nordson will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 annualized dividend and a yield of 1.53%. Nordson’s payout ratio is 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.