Nordson Co. (NDSN) Given Consensus Rating of “Buy” by Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $151.29.

NDSN has been the subject of several analyst reports. SunTrust Banks increased their price target on shares of Nordson to $166.00 and gave the stock a “buy” rating in a report on Friday, December 15th. BidaskClub cut shares of Nordson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. KeyCorp reissued a “buy” rating and set a $145.00 price target on shares of Nordson in a report on Thursday, October 12th. Finally, Barrington Research reissued a “market perform” rating on shares of Nordson in a report on Tuesday, January 9th.

Nordson (NASDAQ NDSN) opened at $151.14 on Friday. The stock has a market cap of $8,615.64, a PE ratio of 27.78, a P/E/G ratio of 1.61 and a beta of 1.39. Nordson has a 1-year low of $107.16 and a 1-year high of $151.84. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.10.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. analysts predict that Nordson will post 6.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were given a dividend of $0.30 per share. The ex-dividend date was Monday, December 18th. This represents a $1.20 annualized dividend and a yield of 0.79%. Nordson’s payout ratio is currently 23.62%.

In other news, VP Robert E. Veillette sold 1,594 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $142.19, for a total value of $226,650.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael F. Hilton sold 12,142 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $149.98, for a total transaction of $1,821,057.16. The disclosure for this sale can be found here. Insiders have sold 84,597 shares of company stock worth $12,623,580 over the last 90 days. 2.15% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in NDSN. Janus Henderson Group PLC acquired a new stake in shares of Nordson in the second quarter valued at approximately $158,781,000. Atlanta Capital Management Co. L L C grew its position in shares of Nordson by 91.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock valued at $215,658,000 after purchasing an additional 848,006 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Nordson by 85.3% in the third quarter. TimesSquare Capital Management LLC now owns 1,151,500 shares of the industrial products company’s stock valued at $136,453,000 after purchasing an additional 530,100 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Nordson in the second quarter valued at approximately $425,000. Finally, Brown Advisory Inc. grew its position in shares of Nordson by 3,862.1% in the third quarter. Brown Advisory Inc. now owns 189,944 shares of the industrial products company’s stock valued at $22,509,000 after purchasing an additional 185,150 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

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About Nordson

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.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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