Nordson Co. (NASDAQ:NDSN - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $256.20.
A number of analysts recently commented on the company. Loop Capital raised Nordson from a "hold" rating to a "buy" rating and raised their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W downgraded shares of Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. BNP Paribas lowered shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective for the company. in a research note on Monday, February 24th. KeyCorp raised Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective on the stock in a research report on Tuesday, March 4th. Finally, DA Davidson decreased their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, December 13th.
Read Our Latest Report on Nordson
Insider Buying and Selling
In other news, EVP Stephen Lovass sold 1,299 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares of the company's stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Nordson by 8.1% in the fourth quarter. California State Teachers Retirement System now owns 89,333 shares of the industrial products company's stock worth $18,692,000 after buying an additional 6,662 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Nordson by 9.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company's stock worth $958,000 after acquiring an additional 414 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Nordson during the fourth quarter valued at approximately $8,648,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nordson in the fourth quarter valued at approximately $15,292,000. Finally, Forum Financial Management LP purchased a new position in Nordson in the fourth quarter worth $204,000. Institutional investors own 72.11% of the company's stock.
Nordson Stock Performance
Shares of NASDAQ:NDSN remained flat at $206.55 during trading on Monday. The stock had a trading volume of 253,936 shares, compared to its average volume of 269,998. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson has a 52-week low of $196.83 and a 52-week high of $279.38. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The firm's 50-day simple moving average is $213.49 and its two-hundred day simple moving average is $232.85.
Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, sell-side analysts predict that Nordson will post 10.2 earnings per share for the current fiscal year.
Nordson Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.51%. Nordson's payout ratio is 39.69%.
Nordson Company Profile
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Get Free ReportNordson 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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