Nordson Co. (NASDAQ:NDSN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have received an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $256.20.

Several equities analysts recently commented on NDSN shares. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. KeyCorp raised shares of Nordson from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Tuesday, March 4th. BNP Paribas downgraded Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research report on Monday, February 24th. Loop Capital raised Nordson from a “hold” rating to a “buy” rating and upped their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th.

Nordson Trading Down 2.9 %

Nordson stock opened at $200.46 on Monday. Nordson has a 52 week low of $196.83 and a 52 week high of $279.38. 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 capitalization of $11.41 billion, a PE ratio of 25.50, a PEG ratio of 1.65 and a beta of 0.92. The business’s 50-day simple moving average is $213.03 and its 200-day simple moving average is $232.12.

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

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 20th. Nordson’s payout ratio is 39.69%.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NDSN. Oppenheimer & Co. Inc. acquired a new stake in shares of Nordson during the 3rd quarter worth about $203,000. Pathstone Holdings LLC increased its holdings in shares of Nordson by 2.8% during the third quarter. Pathstone Holdings LLC now owns 7,384 shares of the industrial products company’s stock worth $1,939,000 after buying an additional 203 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Nordson in the third quarter valued at approximately $371,000. PNC Financial Services Group Inc. raised its stake in shares of Nordson by 10.4% in the third quarter. PNC Financial Services Group Inc. now owns 12,184 shares of the industrial products company’s stock valued at $3,200,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Nordson in the 3rd quarter worth approximately $1,424,000. 72.11% of the stock is owned by 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.