Nordson (NASDAQ:NDSN) Lowered to “Neutral” Rating by BNP Paribas

BNP Paribas downgraded shares of Nordson (NASDAQ:NDSN) from an outperform rating to a neutral rating in a research report report published on Monday, Marketbeat.com reports. They currently have $219.00 target price on the industrial products company’s stock.

Several other research analysts have also weighed in on NDSN. Loop Capital upgraded shares of Nordson from a “hold” rating to a “buy” rating and upped their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W downgraded shares of Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. 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 research report on Friday, December 13th. DA Davidson reduced their target price on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.25.

Nordson Trading Down 1.2 %

Shares of NDSN stock opened at $212.80 on Monday. Nordson has a 1 year low of $196.83 and a 1 year high of $279.38. The firm has a market capitalization of $12.15 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. The stock has a fifty day moving average of $213.62 and a two-hundred day moving average of $238.75. 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 announced 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). The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, research analysts expect that Nordson will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.78 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.47%. Nordson’s dividend payout ratio is 39.69%.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at $1,519,286.13. The trade was a 15.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by company insiders.

Institutional Trading of Nordson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in Nordson by 16.0% during the 3rd quarter. Creative Planning now owns 4,147 shares of the industrial products company’s stock valued at $1,089,000 after purchasing an additional 572 shares during the last quarter. Blue Trust Inc. grew its stake in Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock worth $42,000 after buying an additional 91 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Nordson by 21.4% during the third quarter. Private Advisor Group LLC now owns 2,365 shares of the industrial products company’s stock worth $621,000 after buying an additional 417 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Nordson by 26,109.1% in the third quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after acquiring an additional 103,653 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Nordson by 2.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 10,518 shares of the industrial products company’s stock worth $2,762,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

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.