Nordson Co. (NASDAQ:NDSN) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $156.00.
Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Co set a $135.00 target price on shares of Nordson and gave the stock a “hold” rating in a research report on Wednesday, May 23rd. Zacks Investment Research lowered shares of Nordson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. ValuEngine upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, Wellington Shields lowered shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a research report on Wednesday, May 23rd.
NASDAQ:NDSN traded down $0.58 during midday trading on Monday, hitting $142.34. The company had a trading volume of 205,446 shares, compared to its average volume of 196,078. Nordson has a 52-week low of $108.49 and a 52-week high of $151.84. The firm has a market capitalization of $8.31 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.36 and a current ratio of 3.16.
Nordson (NASDAQ:NDSN) last announced its earnings results on Monday, August 20th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.60. Nordson had a net margin of 16.40% and a return on equity of 26.37%. The company had revenue of $581.20 million during the quarter, compared to analyst estimates of $590.75 million. During the same period in the previous year, the business earned $1.74 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. sell-side analysts forecast that Nordson will post 5.98 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.98%. This is a positive change from Nordson’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, August 20th. Nordson’s dividend payout ratio is presently 78.21%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in Nordson during the second quarter valued at about $132,000. CI Global Investments Inc. boosted its position in Nordson by 1,721.4% during the first quarter. CI Global Investments Inc. now owns 1,275 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,205 shares during the period. Stratos Wealth Partners LTD. boosted its position in Nordson by 4,687.9% during the first quarter. Stratos Wealth Partners LTD. now owns 1,580 shares of the industrial products company’s stock valued at $215,000 after buying an additional 1,547 shares during the period. Sawtooth Solutions LLC purchased a new stake in Nordson during the second quarter valued at about $205,000. Finally, Hartford Investment Management Co. bought a new position in shares of Nordson during the second quarter valued at about $206,000. Institutional investors and hedge funds own 69.17% of the company’s stock.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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