Nordson Co. (NASDAQ:NDSN) Receives $279.00 Consensus Price Target from Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $279.00.

A number of research analysts recently issued reports on the stock. DA Davidson decreased their price target 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. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Finally, Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th.

Insider Activity at Nordson

In other news, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock valued at $433,080 over the last three months. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Nordson

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in Nordson during the 2nd quarter valued at $27,000. Blue Trust Inc. raised its stake in Nordson by 130.0% during the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Nordson during the 3rd quarter valued at $53,000. Covestor Ltd increased its stake in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Nordson by 84.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Price Performance

Nordson stock opened at $200.12 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72. The stock has a market cap of $11.41 billion, a P/E ratio of 24.68, a PEG ratio of 1.70 and a beta of 0.95. The company has a 50-day moving average price of $237.86 and a 200 day moving average price of $243.10. Nordson has a 12-month low of $196.83 and a 12-month high of $279.38.

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

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is 38.47%.

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.