Nordson Corporation (NDSN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Nordson Corporation (NASDAQ:NDSN) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $138.00.
NDSN has been the subject of a number of recent analyst reports. FBR & Co restated an “outperform” rating on shares of Nordson Corporation in a research report on Tuesday, July 11th. Wellington Shields upgraded Nordson Corporation from a “hold” rating to a “gradually accumulate” rating in a research report on Friday, June 2nd. BidaskClub upgraded Nordson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research cut Nordson Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Finally, Gabelli upgraded Nordson Corporation from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, August 23rd.
Large investors have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Nordson Corporation in the second quarter worth approximately $104,000. Financial Architects Inc boosted its stake in shares of Nordson Corporation by 12.1% in the second quarter. Financial Architects Inc now owns 926 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 100 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Nordson Corporation by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 22 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 21 shares during the last quarter. Finally, Opus Capital Group LLC acquired a new stake in shares of Nordson Corporation in the second quarter worth approximately $208,000. 66.03% of the stock is currently owned by hedge funds and other institutional investors.
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Nordson Corporation (NASDAQ:NDSN) opened at 113.20 on Friday. The firm has a 50-day moving average price of $118.50 and a 200 day moving average price of $121.62. Nordson Corporation has a 1-year low of $95.35 and a 1-year high of $131.49. The company has a market capitalization of $6.53 billion, a P/E ratio of 22.51 and a beta of 1.35.
Nordson Corporation (NASDAQ:NDSN) last posted its quarterly earnings data on Monday, August 21st. The industrial products company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The business had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. The business’s revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. On average, equities analysts predict that Nordson Corporation will post $5.31 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd were paid a $0.30 dividend. The ex-dividend date was Friday, August 18th. This is a positive change from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. Nordson Corporation’s payout ratio is currently 23.90%.
About Nordson Corporation
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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