Nordson (NASDAQ:NDSN) PT Lowered to $272.00

Nordson (NASDAQ:NDSN) had its target price lowered by Robert W. Baird from $303.00 to $272.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on NDSN. KeyCorp reiterated a sector weight rating on shares of Nordson in a report on Monday, February 26th. StockNews.com upgraded shares of Nordson from a hold rating to a buy rating in a report on Monday, May 20th. Wells Fargo & Company raised their price target on shares of Nordson from $290.00 to $315.00 and gave the stock an overweight rating in a report on Friday, February 23rd. Finally, DA Davidson raised their price target on shares of Nordson from $290.00 to $315.00 and gave the stock a buy rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Nordson currently has an average rating of Moderate Buy and an average target price of $277.83.

Nordson Stock Up 0.0 %

Shares of NASDAQ NDSN opened at $237.94 on Wednesday. The company has a 50 day simple moving average of $265.54 and a 200 day simple moving average of $256.77. The firm has a market cap of $13.61 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. Nordson has a 1 year low of $208.91 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.21 and a quick ratio of 1.37.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $650.64 million during the quarter, compared to analyst estimates of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.26 EPS. On average, research analysts forecast that Nordson will post 9.51 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, May 20th. Nordson’s dividend payout ratio (DPR) is 32.42%.

Institutional Trading of Nordson

Several large investors have recently modified their holdings of NDSN. Panagora Asset Management Inc. grew its position in shares of Nordson by 4.6% during the 3rd quarter. Panagora Asset Management Inc. now owns 2,911 shares of the industrial products company’s stock worth $650,000 after buying an additional 127 shares during the period. Teacher Retirement System of Texas grew its position in shares of Nordson by 1.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,958 shares of the industrial products company’s stock worth $883,000 after buying an additional 61 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Nordson by 5.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,043 shares of the industrial products company’s stock worth $233,000 after buying an additional 53 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Nordson during the 3rd quarter worth approximately $488,000. Finally, MGO One Seven LLC grew its position in shares of Nordson by 9.9% during the 3rd quarter. MGO One Seven LLC now owns 1,069 shares of the industrial products company’s stock worth $239,000 after buying an additional 96 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.