Nordson Co. (NASDAQ:NDSN) Given Average Recommendation of “Moderate Buy” by Analysts

Nordson Co. (NASDAQ:NDSN) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $279.40.

NDSN has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. DA Davidson dropped their price objective on Nordson from $315.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, Robert W. Baird reduced their target price on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd.

Institutional Investors Weigh In On Nordson

Several institutional investors and hedge funds have recently modified their holdings of NDSN. SRN Advisors LLC lifted its position in Nordson by 4.5% during the 1st quarter. SRN Advisors LLC now owns 3,945 shares of the industrial products company’s stock worth $1,083,000 after acquiring an additional 170 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Nordson by 1.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 54,237 shares of the industrial products company’s stock valued at $14,764,000 after purchasing an additional 567 shares during the period. Cetera Advisors LLC lifted its position in shares of Nordson by 82.9% during the first quarter. Cetera Advisors LLC now owns 4,764 shares of the industrial products company’s stock worth $1,308,000 after purchasing an additional 2,159 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Nordson by 422.3% in the first quarter. Cetera Investment Advisers now owns 14,378 shares of the industrial products company’s stock valued at $3,947,000 after purchasing an additional 11,625 shares during the period. Finally, Atria Investments Inc grew its holdings in Nordson by 3.9% during the 1st quarter. Atria Investments Inc now owns 13,265 shares of the industrial products company’s stock valued at $3,642,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 1.8 %

Shares of NASDAQ NDSN opened at $227.68 on Thursday. The firm has a market cap of $13.04 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. Nordson has a 1 year low of $208.91 and a 1 year high of $279.38. The firm’s 50 day moving average price is $246.17 and its 200 day moving average price is $256.21.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The business had revenue of $650.64 million during the quarter, compared to the consensus estimate of $661.06 million. During the same quarter in the previous year, the business earned $2.26 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Nordson will post 9.52 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.19%. Nordson’s payout ratio is 32.42%.

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.