Analysts Set Nordson Co. (NASDAQ:NDSN) PT at $279.40

Shares of Nordson Co. (NASDAQ:NDSN) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $279.40.

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

Institutional Investors Weigh In On Nordson

A number of institutional investors have recently modified their holdings of NDSN. Tobam grew its position in shares of Nordson by 2,275.0% during the 4th quarter. Tobam now owns 95 shares of the industrial products company’s stock worth $25,000 after buying an additional 91 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Nordson during the 4th quarter worth about $26,000. Sound Income Strategies LLC acquired a new stake in shares of Nordson in the 4th quarter valued at about $27,000. Fortitude Family Office LLC bought a new stake in Nordson in the 4th quarter valued at about $28,000. Finally, Quent Capital LLC raised its stake in Nordson by 64.9% during the 4th quarter. Quent Capital LLC now owns 122 shares of the industrial products company’s stock worth $32,000 after buying an additional 48 shares during the period. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Shares of NDSN opened at $231.94 on Thursday. The firm has a fifty day simple moving average of $246.82 and a 200 day simple moving average of $256.26. Nordson has a 12 month low of $208.91 and a 12 month high of $279.38. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.86 and a beta of 0.93.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The company had revenue of $650.64 million during the quarter, compared to the consensus estimate of $661.06 million. During the same quarter in the prior year, the firm posted $2.26 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts forecast that Nordson will post 9.52 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 1.17%. Nordson’s payout ratio is 32.42%.

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.