Nordson Co. (NDSN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Nordson Co. (NASDAQ:NDSN) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven investment 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 issued a report on the stock in the last year is $151.29.

Several analysts have recently weighed in on the company. BidaskClub downgraded Nordson from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Barrington Research reissued a “market perform” rating on shares of Nordson in a report on Tuesday, January 9th. KeyCorp reissued a “buy” rating and issued a $165.00 target price (up from $145.00) on shares of Nordson in a report on Wednesday, January 3rd. SunTrust Banks boosted their target price on Nordson to $166.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Gabelli downgraded Nordson from a “buy” rating to a “hold” rating in a report on Friday, December 15th.

Nordson (NDSN) opened at $137.27 on Wednesday. The stock has a market capitalization of $7,940.00, a PE ratio of 27.29, a PEG ratio of 1.47 and a beta of 1.30. 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 released its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Nordson had a return on equity of 30.54% and a net margin of 14.31%. The business had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $546.76 million. During the same period in the prior year, the firm posted $1.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. equities research analysts predict that Nordson will post 6.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, February 16th. Nordson’s dividend payout ratio is presently 23.86%.

In other Nordson news, VP Robert E. Veillette sold 1,594 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $142.19, for a total transaction of $226,650.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Keane sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $150.35, for a total value of $3,007,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,597 shares of company stock valued at $12,623,580. 2.01% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in shares of Nordson by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,177 shares of the industrial products company’s stock worth $263,000 after buying an additional 146 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Nordson by 12.2% during the 2nd quarter. GSA Capital Partners LLP now owns 2,346 shares of the industrial products company’s stock worth $285,000 after buying an additional 255 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Nordson by 10.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,974 shares of the industrial products company’s stock worth $589,000 after buying an additional 464 shares in the last quarter. Eaton Vance Management raised its stake in shares of Nordson by 4.5% during the 4th quarter. Eaton Vance Management now owns 11,573 shares of the industrial products company’s stock worth $1,694,000 after buying an additional 500 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Nordson by 5.6% during the 4th quarter. Amalgamated Bank now owns 12,030 shares of the industrial products company’s stock worth $1,761,000 after buying an additional 634 shares in the last quarter. 65.55% of the stock is owned by hedge funds and other institutional investors.

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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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