By otakuyassine3@gmail.com 
Nordson Co. (NASDAQ:NDSN – Get Free Report) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $279.00.
A number of equities analysts have issued reports on the stock. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Robert W. Baird restated a “neutral” rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. DA Davidson lowered their target price on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Finally, Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday.
Read Our Latest Research Report on Nordson
Insider Activity
In other Nordson news, EVP Jennifer L. Mcdonough sold 225 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $262.27, for a total value of $59,010.75. Following the sale, the executive vice president now directly owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 3,629 shares of company stock valued at $914,400 over the last quarter. Company insiders own 0.86% of the company’s stock.
Institutional Trading of Nordson
Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Nordson by 289.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 260,312 shares of the industrial products company’s stock valued at $60,377,000 after acquiring an additional 193,421 shares during the last quarter. State Street Corp raised its holdings in shares of Nordson by 7.2% in the 3rd quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock worth $692,916,000 after purchasing an additional 177,282 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock valued at $27,327,000 after purchasing an additional 103,653 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Nordson by 2.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,323 shares of the industrial products company’s stock worth $601,032,000 after purchasing an additional 68,810 shares during the period. Finally, Natixis Advisors LLC increased its position in Nordson by 71.0% during the 3rd quarter. Natixis Advisors LLC now owns 157,582 shares of the industrial products company’s stock worth $41,386,000 after purchasing an additional 65,436 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.
Nordson Price Performance
Shares of NASDAQ:NDSN opened at $209.73 on Friday. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. The business’s 50 day simple moving average is $251.19 and its 200-day simple moving average is $245.32. Nordson has a 12 month low of $207.15 and a 12 month high of $279.38.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.19. The company had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. Nordson’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 earnings per share. As a group, equities analysts forecast that Nordson will post 10.34 earnings per share for the current fiscal year.
Nordson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.49%. 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.
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