Nordson Co. (NASDAQ:NDSN) to Issue $0.78 Quarterly Dividend

Nordson Co. (NASDAQ:NDSN - Get Free Report) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.78 per share by the industrial products company on Thursday, April 3rd. This represents a $3.12 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 20th.

Nordson has increased its dividend by an average of 17.5% annually over the last three years and has raised its dividend annually for the last 62 consecutive years. Nordson has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nordson to earn $10.89 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 28.7%.

Nordson Stock Down 1.4 %

NDSN traded down $2.91 during trading on Monday, hitting $212.40. The company had a trading volume of 387,635 shares, compared to its average volume of 355,307. The company has a market capitalization of $12.09 billion, a PE ratio of 27.02, a PEG ratio of 1.65 and a beta of 0.92. 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 one year low of $196.83 and a one year high of $279.38. The firm's 50-day moving average price is $213.35 and its 200 day moving average price is $236.67.

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

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Wall Street Analyst Weigh In

Several research analysts recently commented on NDSN shares. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 target price for the company. in a report on Monday, February 24th. Loop Capital upgraded Nordson from a "hold" rating to a "buy" rating and raised their price objective for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. DA Davidson dropped their target price on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, KeyCorp raised Nordson from a "sector weight" rating to an "overweight" rating and set a $260.00 price target on the stock in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $256.20.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now directly owns 7,347 shares of the company's stock, valued at $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.80% of the company's stock.

About Nordson

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.