Nordson Corporation (NASDAQ:NDSN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Nordson Corporation (NASDAQ:NDSN - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $254.86.

A number of research analysts have issued reports on NDSN shares. Wolfe Research initiated coverage on shares of Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Wall Street Zen lowered Nordson from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird lifted their price objective on Nordson from $241.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, May 30th. Vertical Research began coverage on Nordson in a report on Tuesday, June 17th. They set a "hold" rating and a $245.00 target price on the stock. Finally, KeyCorp raised their price target on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th.

Institutional Trading of Nordson

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Nordson by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock valued at $486,000 after purchasing an additional 67 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Nordson by 18.7% in the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company's stock valued at $535,000 after purchasing an additional 418 shares during the last quarter. Amalgamated Bank boosted its position in Nordson by 1.2% in the first quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company's stock valued at $2,153,000 after buying an additional 127 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Nordson during the first quarter worth $1,599,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Nordson by 6.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company's stock worth $981,000 after buying an additional 283 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Stock Performance

NDSN opened at $220.84 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.64. The business has a fifty day simple moving average of $213.66 and a 200 day simple moving average of $206.64. Nordson has a 1 year low of $165.03 and a 1 year high of $266.86. The company has a market capitalization of $12.48 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. Nordson had a net margin of 16.51% and a return on equity of 19.10%. The company had revenue of $682.94 million during the quarter, compared to analysts' expectations of $671.36 million. During the same quarter in the previous year, the business posted $2.34 earnings per share. Nordson's quarterly revenue was up 5.0% on a year-over-year basis. Research analysts expect that Nordson will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.41%. Nordson's dividend payout ratio (DPR) is currently 40.10%.

About Nordson

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.

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