Nordson Co. (NASDAQ:NDSN) Receives $279.40 Average Target Price from Analysts

Nordson Co. (NASDAQ:NDSN) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $279.40.

NDSN has been the subject of several research reports. StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. DA Davidson reduced their target price on shares of Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Robert W. Baird dropped their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd.

Nordson Stock Up 2.2 %

Nordson stock opened at $245.95 on Monday. Nordson has a twelve month low of $208.91 and a twelve month high of $279.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The firm has a market cap of $14.09 billion, a PE ratio of 29.31, a P/E/G ratio of 1.91 and a beta of 0.91. The firm’s 50 day moving average price is $233.79 and its two-hundred day moving average price is $253.22.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $650.64 million for the quarter, compared to the consensus estimate of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. Nordson’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 earnings per share. On average, research analysts predict that Nordson will post 9.52 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, May 20th. Nordson’s payout ratio is 32.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tobam lifted its holdings in shares of Nordson by 2,275.0% during the fourth quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Nordson in the 4th quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in Nordson in the 4th quarter valued at $28,000. Quent Capital LLC grew its position in Nordson by 64.9% in the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 48 shares during the last quarter. Finally, McClarren Financial Advisors Inc. increased its holdings in shares of Nordson by 11,450.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 231 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 72.11% 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.