Nordson Corporation (NASDAQ:NDSN) Plans Quarterly Dividend of $0.82

Nordson Corporation (NASDAQ:NDSN) declared a quarterly dividend on Wednesday, December 3rd. Stockholders of record on Wednesday, December 17th will be given a dividend of 0.82 per share by the industrial products company on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 17th.

Nordson has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 62 consecutive years. Nordson has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $10.89 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 30.1%.

Nordson Trading Up 0.9%

NASDAQ NDSN traded up $2.06 during trading hours on Wednesday, reaching $238.59. The company’s stock had a trading volume of 305,020 shares, compared to its average volume of 355,611. The firm has a fifty day simple moving average of $232.40 and a 200-day simple moving average of $222.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. Nordson has a 52 week low of $165.03 and a 52 week high of $259.13. The stock has a market cap of $13.41 billion, a P/E ratio of 29.97, a P/E/G ratio of 1.64 and a beta of 1.01.

Nordson (NASDAQ:NDSN) last posted its earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The firm had revenue of $646.86 million for the quarter. Equities analysts forecast that Nordson will post 10.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NDSN shares. DA Davidson set a $285.00 price objective on Nordson in a report on Tuesday, October 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $240.00 price target on shares of Nordson in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. Robert W. Baird upped their target price on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Finally, Oppenheimer increased their target price on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.75.

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.