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

Nordson Co. (NASDAQ:NDSN) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $253.17.

Several brokerages have weighed in on NDSN. Oppenheimer raised Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research report on Friday, May 30th. BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Robert W. Baird increased their price target on Nordson from $241.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, May 30th. 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 note on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

Nordson Price Performance

Shares of NDSN opened at $214.36 on Friday. The firm has a market capitalization of $12.11 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. 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 $266.86. The company’s fifty day moving average price is $196.43 and its 200-day moving average price is $208.99.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. The company had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $2.34 EPS. On average, equities research analysts predict that Nordson will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 19th will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.46%. Nordson’s dividend payout ratio (DPR) is presently 40.10%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NDSN. Quarry LP acquired a new position in shares of Nordson during the 1st quarter worth about $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in Nordson by 86.4% in 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 during the last quarter. Harbour Investments Inc. raised its holdings in Nordson by 36.7% in the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 54 shares during the last quarter. National Pension Service raised its holdings in Nordson by 74.8% in the 1st quarter. National Pension Service now owns 201 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 86 shares during the last quarter. Finally, Tortoise Investment Management LLC raised 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 acquiring an additional 115 shares during the last quarter. 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.