Nordson Co. (NASDAQ:NDSN) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Nordson Co. (NASDAQ:NDSN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $250.20.

A number of brokerages recently issued reports on NDSN. KeyCorp reduced their target price on Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and lifted their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Finally, BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a report on Monday, February 24th.

Nordson Stock Up 0.1 %

NASDAQ:NDSN opened at $180.81 on Friday. Nordson has a fifty-two week low of $165.03 and a fifty-two week high of $279.38. The company's 50-day simple moving average is $202.08 and its 200-day simple moving average is $224.64. 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 stock has a market capitalization of $10.29 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.65 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. On average, equities analysts anticipate that Nordson will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.78 dividend. The ex-dividend date was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.73%. Nordson's payout ratio is currently 39.69%.

Hedge Funds Weigh In On Nordson

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Nordson by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock worth $135,138,000 after buying an additional 48,720 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Nordson in the 4th quarter valued at approximately $4,553,000. Principal Financial Group Inc. raised its position in shares of Nordson by 4.7% during the 3rd quarter. Principal Financial Group Inc. now owns 295,962 shares of the industrial products company's stock valued at $77,723,000 after buying an additional 13,184 shares during the period. Southern Style Financial Inc. purchased a new stake in Nordson in the fourth quarter valued at $399,000. Finally, Clark & Stuart Inc purchased a new position in shares of Nordson during the 4th quarter worth $4,137,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

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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