Nordson Corporation (NASDAQ:NDSN – Get Free Report) declared a quarterly dividend on Monday, December 1st. Stockholders of record on Wednesday, December 17th will be given a dividend of 0.82 per share by the industrial products company on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 17th.
Nordson has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 62 years. Nordson has a dividend payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nordson to earn $10.89 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 30.1%.
Nordson Stock Up 0.4%
Shares of Nordson stock opened at $235.45 on Monday. Nordson has a twelve month low of $165.03 and a twelve month high of $251.47. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $233.80 and its 200 day moving average is $224.46. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Oppenheimer lifted their target price on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group reiterated a “hold” rating and set a $240.00 price objective on shares of Nordson in a research note on Thursday, August 21st. DA Davidson set a $290.00 target price on shares of Nordson in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nordson in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and a consensus price target of $264.88.
Get Our Latest Analysis on Nordson
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.
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