Nordson Co. (NASDAQ:NDSN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $189.80 and last traded at $190.50, with a volume of 143016 shares traded. The stock had previously closed at $203.35.
Wall Street Analyst Weigh In
NDSN has been the topic of a number of research analyst reports. Robert W. Baird reissued a "neutral" rating and issued a $237.00 target price (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. KeyCorp decreased their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday. Seaport Res Ptn raised Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. DA Davidson decreased their price target on shares of Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Finally, Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nordson has an average rating of "Moderate Buy" and an average target price of $250.20.
Read Our Latest Research Report on Nordson
Nordson Stock Down 1.9 %
The stock has a market cap of $9.53 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $207.41 and a two-hundred day simple moving average of $228.37.
Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $639.40 million. On average, equities analysts forecast that Nordson Co. will post 10.2 EPS for the current year.
Nordson Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.86%. Nordson's dividend payout ratio is presently 39.69%.
Institutional Investors Weigh In On Nordson
Several institutional investors and hedge funds have recently bought and sold shares of NDSN. Rhumbline Advisers raised its holdings in shares of Nordson by 12.7% during the first quarter. Rhumbline Advisers now owns 113,886 shares of the industrial products company's stock valued at $22,973,000 after acquiring an additional 12,836 shares in the last quarter. Legacy Financial Strategies LLC lifted its position in shares of Nordson by 25.7% in the 1st quarter. Legacy Financial Strategies LLC now owns 11,676 shares of the industrial products company's stock worth $2,355,000 after purchasing an additional 2,384 shares during the period. GAMMA Investing LLC boosted its stake in shares of Nordson by 19,089.3% during the 1st quarter. GAMMA Investing LLC now owns 141,809 shares of the industrial products company's stock valued at $28,606,000 after purchasing an additional 141,070 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after buying an additional 89 shares during the period. Finally, 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. Hedge funds and other institutional investors own 72.11% of the company's stock.
Nordson Company Profile
(
Get Free Report)
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.
See Also
Before you consider Nordson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordson wasn't on the list.
While Nordson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
