Shares of Nordson Co. (NASDAQ:NDSN) have been given an average rating of “Hold” by the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $155.11.

NDSN has been the subject of several recent research reports. BidaskClub raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. B. Riley reduced their price target on shares of Nordson from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, May 23rd. Zacks Investment Research upgraded shares of Nordson from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Wednesday, May 16th. Wellington Shields downgraded shares of Nordson from a “gradually accumulate” rating to a “hold” rating in a research report on Wednesday, May 23rd. Finally, Wells Fargo & Co set a $135.00 price target on shares of Nordson and gave the company a “hold” rating in a research report on Wednesday, May 23rd.

NDSN stock traded up $0.35 on Thursday, hitting $133.43. 124,096 shares of the company’s stock traded hands, compared to its average volume of 180,758. Nordson has a 1-year low of $107.16 and a 1-year high of $151.84. The firm has a market cap of $7.73 billion, a PE ratio of 22.71, a P/E/G ratio of 1.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.31.

Nordson (NASDAQ:NDSN) last released its earnings results on Monday, May 21st. The industrial products company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.43 by $0.13. Nordson had a net margin of 16.63% and a return on equity of 28.97%. The business had revenue of $553.70 million during the quarter, compared to analyst estimates of $551.98 million. During the same period in the prior year, the business earned $1.35 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts expect that Nordson will post 6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Tuesday, August 21st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. This is an increase from Nordson’s previous quarterly dividend of $0.30. Nordson’s dividend payout ratio is 22.35%.

Several large investors have recently modified their holdings of the stock. Northern Trust Corp increased its stake in Nordson by 0.7% in the 1st quarter. Northern Trust Corp now owns 408,722 shares of the industrial products company’s stock valued at $55,725,000 after buying an additional 2,787 shares during the period. State of Alaska Department of Revenue increased its stake in Nordson by 24.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,570 shares of the industrial products company’s stock valued at $843,000 after buying an additional 1,280 shares during the period. Cornerstone Wealth Management LLC increased its stake in Nordson by 13,832.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 383,982 shares of the industrial products company’s stock valued at $2,989,000 after buying an additional 381,226 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Nordson by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 193,557 shares of the industrial products company’s stock valued at $26,390,000 after buying an additional 9,030 shares during the period. Finally, Stifel Financial Corp increased its stake in Nordson by 19.7% in the 1st quarter. Stifel Financial Corp now owns 33,198 shares of the industrial products company’s stock valued at $4,506,000 after buying an additional 5,470 shares during the period. Institutional investors and hedge funds own 69.79% 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. 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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Analyst Recommendations for Nordson (NASDAQ:NDSN)

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