Nordson (NASDAQ:NDSN) Price Target Increased to $251.00 by Analysts at Robert W. Baird

Nordson (NASDAQ:NDSN – Get Rating) had its price target boosted by Robert W. Baird from $241.00 to $251.00 in a report released on Wednesday morning, The Fly reports.

Several other equities analysts have also recently weighed in on NDSN. StockNews.com began coverage on shares of Nordson in a research report on Thursday, May 18th. They issued a hold rating on the stock. Loop Capital dropped their price target on shares of Nordson from $250.00 to $225.00 and set a hold rating on the stock in a research report on Tuesday, March 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $252.20.

Nordson Price Performance

NDSN stock opened at $213.80 on Wednesday. The stock has a market capitalization of $12.24 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. The company’s 50-day moving average is $215.16 and its 200-day moving average is $227.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 0.89. Nordson has a 1 year low of $194.89 and a 1 year high of $251.26.

Nordson (NASDAQ:NDSN – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The industrial products company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.14. The company had revenue of $650.17 million for the quarter, compared to analysts’ expectations of $638.87 million. Nordson had a net margin of 19.75% and a return on equity of 22.84%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. Equities research analysts expect that Nordson will post 9.04 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd will be paid a $0.65 dividend. The ex-dividend date is Monday, May 22nd. This represents a $2.60 annualized dividend and a yield of 1.22%. Nordson’s dividend payout ratio (DPR) is 29.18%.

Institutional Investors Weigh In On Nordson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Nordson by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,050,206 shares of the industrial products company’s stock valued at $1,284,278,000 after buying an additional 16,460 shares during the last quarter. State Street Corp increased its stake in Nordson by 19.1% in the 1st quarter. State Street Corp now owns 2,467,509 shares of the industrial products company’s stock valued at $560,322,000 after buying an additional 395,419 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Nordson by 0.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,097,082 shares of the industrial products company’s stock valued at $445,148,000 after buying an additional 10,037 shares during the last quarter. Geode Capital Management LLC increased its stake in Nordson by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,401,837 shares of the industrial products company’s stock valued at $332,777,000 after buying an additional 14,600 shares during the last quarter. Finally, Morgan Stanley increased its stake in Nordson by 435.1% in the 4th quarter. Morgan Stanley now owns 1,275,693 shares of the industrial products company’s stock valued at $303,258,000 after buying an additional 1,037,295 shares during the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

About Nordson

(Get Rating)

Nordson Corp. engages in the engineering, manufacture and market of products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through the following segments: Industrial Precision Solutions and Advanced Technology Solution. The Industrial Precision Solutions segment enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.