Nordson Co. (NASDAQ:NDSN) to Issue $0.78 Quarterly Dividend

Nordson Co. (NASDAQ:NDSN - Get Free Report) declared a quarterly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Thursday, June 19th will be given a dividend of 0.78 per share by the industrial products company on Thursday, July 3rd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, June 18th.

Nordson has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nordson to earn $10.89 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 28.7%.

Nordson Trading Up 2.1%

Shares of NDSN stock traded up $4.52 during trading hours on Monday, reaching $219.28. 464,091 shares of the stock were exchanged, compared to its average volume of 312,639. Nordson has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $192.95 and its 200-day moving average price is $209.45. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.06. The business had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 EPS. As a group, equities analysts anticipate that Nordson will post 10.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on NDSN shares. Oppenheimer upgraded shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research note on Friday, May 30th. Robert W. Baird upped their target price on shares of Nordson from $241.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. Finally, KeyCorp lowered their price target on shares of Nordson from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $253.17.

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.