Nordson Co. (NASDAQ:NDSN) Receives $253.17 Average Target Price from Analysts

Nordson Co. (NASDAQ:NDSN) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Three research 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 1 year price target among analysts that have covered the stock in the last year is $253.17.

NDSN has been the subject of several analyst reports. KeyCorp lowered their price objective on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. BNP Paribas cut Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price for the company. in a research note on Monday, February 24th. Robert W. Baird increased their price target on shares of Nordson from $241.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, May 30th. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Finally, Oppenheimer upgraded shares of Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Friday, May 30th.

Nordson Stock Performance

Shares of NDSN stock opened at $219.28 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The firm has a market cap of $12.39 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.65 and a beta of 0.89. The firm’s 50 day moving average price is $192.95 and its 200-day moving average price is $209.45. Nordson has a one year low of $165.03 and a one year high of $266.86.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $682.94 million during the quarter, compared to analysts’ expectations of $671.36 million. During the same period last year, the business posted $2.34 EPS. Nordson’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that Nordson will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced 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. This represents a $3.12 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, June 18th. Nordson’s dividend payout ratio (DPR) is presently 40.10%.

Institutional Trading of Nordson

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Nordson during the fourth quarter valued at approximately $142,670,000. Massachusetts Financial Services Co. MA increased its position in Nordson by 156.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock worth $205,685,000 after buying an additional 621,734 shares during the period. Raymond James Financial Inc. bought a new stake in Nordson in the fourth quarter valued at $74,005,000. First Trust Advisors LP boosted its holdings in shares of Nordson by 676.5% during the fourth quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company’s stock valued at $51,539,000 after acquiring an additional 214,594 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Nordson during the first quarter valued at $29,125,000. 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.