Nordson Co. (NDSN) Plans Quarterly Dividend of $0.22
Nordson (NASDAQ:NDSN) declared a quarterly dividend on Friday, August 15th, American Banking & Market News reports. Stockholders of record on Tuesday, August 26th will be given a dividend of 0.22 per share on Tuesday, September 9th. This represents a $0.88 dividend on an annualized basis and a yield of 1.13%.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Nordson in a research note on Wednesday, August 6th. They set a “market perform” rating on the stock. On a related note, analysts at Global Hunter Securities upgraded shares of Nordson from a “neutral” rating to an “accumulate” rating in a research note on Monday, July 14th. They now have a $85.00 price target on the stock, up previously from $80.00. Finally, analysts at Barrington Research upgraded shares of Nordson from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 18th. They now have a $95.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $87.25.
Shares of Nordson (NASDAQ:NDSN) traded up 0.36% during mid-day trading on Friday, hitting $78.16. The stock had a trading volume of 17,789 shares. Nordson has a 52-week low of $65.78 and a 52-week high of $84.95. The stock’s 50-day moving average is $77.62 and its 200-day moving average is $74.99. The company has a market cap of $4.976 billion and a P/E ratio of 22.70.
Nordson (NASDAQ:NDSN) last announced its earnings results on Thursday, May 22nd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.07. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $406.71 million. During the same quarter last year, the company posted $0.84 earnings per share. Nordson’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Nordson will post $3.79 earnings per share for the current fiscal year.
Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing.
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