Brokerages Set Nordson Corporation (NDSN) PT at $138.00
Nordson Corporation (NASDAQ:NDSN) has earned an average recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $138.29.
A number of brokerages have recently issued reports on NDSN. Gabelli raised shares of Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of Nordson Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $130.00 target price (up from $122.00) on shares of Nordson Corporation in a report on Thursday, May 25th. Longbow Research raised shares of Nordson Corporation from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday. Finally, BidaskClub raised shares of Nordson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th.
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Institutional investors have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware bought a new position in Nordson Corporation in the 2nd quarter valued at about $104,000. Financial Architects Inc raised its holdings in Nordson Corporation by 12.1% in the 2nd quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 100 shares during the period. D.A. Davidson & CO. raised its holdings in Nordson Corporation by 2.3% in the 2nd quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 22 shares during the period. IFP Advisors Inc raised its holdings in Nordson Corporation by 1.5% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 21 shares during the period. Finally, Opus Capital Group LLC bought a new position in Nordson Corporation in the 2nd quarter valued at about $208,000. 65.48% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Corporation (NASDAQ:NDSN) traded up 2.52% during trading on Friday, hitting $117.51. The stock had a trading volume of 347,705 shares. The stock has a 50 day moving average price of $117.85 and a 200 day moving average price of $121.46. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 23.37 and a beta of 1.35. Nordson Corporation has a 12-month low of $95.35 and a 12-month high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last issued its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. Nordson Corporation’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. Equities research analysts forecast that Nordson Corporation will post $5.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were issued a $0.30 dividend. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, August 18th. Nordson Corporation’s dividend payout ratio is currently 23.90%.
Nordson Corporation Company Profile
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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