Nordson Co. (NASDAQ:NDSN) Receives $279.00 Average Price Target from Analysts

Nordson Co. (NASDAQ:NDSN) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $279.00.

Several equities analysts have recently issued reports on NDSN shares. Baird R W lowered Nordson from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson lowered their target price on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now directly owns 7,347 shares of the company’s stock, valued at $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $262.27, for a total transaction of $59,010.75. Following the completion of the transaction, the executive vice president now directly owns 3,287 shares in the company, valued at $862,081.49. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,928 shares of company stock worth $433,080 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Nordson

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Nordson during the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its stake in shares of Nordson by 130.0% during the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Nordson during the 3rd quarter worth $53,000. Covestor Ltd lifted its stake in shares of Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Nordson by 84.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Down 1.0 %

Shares of NDSN stock opened at $200.12 on Wednesday. The company has a market capitalization of $11.41 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.70 and a beta of 0.95. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. Nordson has a 12-month low of $196.83 and a 12-month high of $279.38. The firm has a 50-day moving average price of $236.88 and a 200 day moving average price of $243.07.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. During the same quarter in the prior year, the firm earned $2.46 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Research analysts forecast that Nordson will post 10.34 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.56%. Nordson’s dividend payout ratio is 38.47%.

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.