Nordson Co. (NASDAQ:NDSN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Nordson Co. (NASDAQ:NDSN) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $250.20.

NDSN has been the subject of a number of analyst reports. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. KeyCorp decreased their target price on Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their target price for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd.

Nordson Price Performance

Nordson stock opened at $203.00 on Tuesday. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.65 and a beta of 0.90. Nordson has a 52-week low of $165.03 and a 52-week high of $279.29. The stock’s 50 day moving average price is $193.62 and its two-hundred day moving average price is $216.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53.

Nordson (NASDAQ:NDSN) last issued its earnings results 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). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The firm had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. On average, equities analysts predict that Nordson will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, March 20th. Nordson’s dividend payout ratio (DPR) is currently 39.69%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new position in Nordson during the 4th quarter valued at about $4,553,000. Southern Style Financial Inc. bought a new stake in shares of Nordson during the 4th quarter valued at about $399,000. Clark & Stuart Inc bought a new stake in shares of Nordson during the 4th quarter valued at about $4,137,000. Pacer Advisors Inc. boosted its position in shares of Nordson by 34.5% during the 4th quarter. Pacer Advisors Inc. now owns 8,895 shares of the industrial products company’s stock valued at $1,861,000 after acquiring an additional 2,282 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Nordson by 4.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,619 shares of the industrial products company’s stock valued at $25,866,000 after acquiring an additional 4,963 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

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.