Brokerages Set Nordson Co. (NASDAQ:NDSN) Target Price at $279.25

Shares of Nordson Co. (NASDAQ:NDSN) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $279.25.

Several equities analysts recently commented on NDSN shares. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and increased their target price for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. DA Davidson lowered their price target on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Robert W. Baird reissued a “neutral” rating and set a $237.00 price objective (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jennifer L. Mcdonough sold 225 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at approximately $862,081.49. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,928 shares of company stock valued at $433,080 in the last ninety days. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Nordson

Several institutional investors have recently modified their holdings of NDSN. Procyon Advisors LLC lifted its stake in Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock valued at $367,000 after buying an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its holdings in Nordson by 1.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after acquiring an additional 39 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 42 shares in the last quarter. Covestor Ltd raised its position in shares of Nordson by 18.8% during the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 43 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Nordson by 3.5% during the 3rd quarter. QRG Capital Management Inc. now owns 1,447 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Up 0.2 %

Nordson stock opened at $217.13 on Friday. Nordson has a one year low of $196.83 and a one year high of $279.38. The company’s fifty day moving average price is $223.09 and its two-hundred day moving average price is $241.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.51. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.66 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. The firm had revenue of $744.00 million during the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. On average, analysts forecast that Nordson will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a dividend yield of 1.44%. Nordson’s dividend payout ratio is presently 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.