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

Nordson Co. (NASDAQ:NDSN) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $279.00.

Several research firms recently commented on NDSN. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson decreased their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th.

Nordson Price Performance

NDSN opened at $205.43 on Wednesday. The firm has a market capitalization of $11.71 billion, a P/E ratio of 25.33, a PEG ratio of 1.70 and a beta of 0.95. The stock has a fifty day moving average of $239.75 and a 200-day moving average of $243.68. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson has a 12-month low of $204.20 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The firm had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same period in the prior year, the business earned $2.46 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Nordson will post 10.34 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.52%. Nordson’s dividend payout ratio (DPR) is 38.47%.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now owns 3,287 shares of the company’s stock, valued at $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 629 shares of company stock valued at $164,460. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NDSN. Ashton Thomas Private Wealth LLC bought a new position in shares of Nordson in the second quarter worth about $27,000. Blue Trust Inc. grew its holdings in Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after buying an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Nordson in the 3rd quarter worth approximately $53,000. Strategic Financial Concepts LLC acquired a new position in shares of Nordson during the second quarter worth approximately $60,000. Finally, Covestor Ltd boosted its position in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds 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.