Nordson Corporation (NASDAQ:NDSN) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Nordson Corporation (NASDAQ:NDSN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $255.75.

Several research firms have weighed in on NDSN. Oppenheimer lifted their price objective on shares of Nordson from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Robert W. Baird lifted their price objective on shares of Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Wolfe Research assumed coverage on shares of Nordson in a research note on Wednesday, June 18th. They issued a "peer perform" rating on the stock. KeyCorp upped their price target on shares of Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $240.00 price target on shares of Nordson in a research note on Thursday, August 21st.

Hedge Funds Weigh In On Nordson

A number of hedge funds have recently modified their holdings of NDSN. Portside Wealth Group LLC increased its stake in shares of Nordson by 7.9% in the first quarter. Portside Wealth Group LLC now owns 1,234 shares of the industrial products company's stock worth $249,000 after acquiring an additional 90 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Nordson by 10.6% in the 1st quarter. Yousif Capital Management LLC now owns 35,303 shares of the industrial products company's stock valued at $7,121,000 after purchasing an additional 3,373 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Nordson by 5.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the industrial products company's stock valued at $1,348,000 after purchasing an additional 320 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Nordson by 124.6% in the 1st quarter. SG Americas Securities LLC now owns 7,586 shares of the industrial products company's stock valued at $1,530,000 after purchasing an additional 4,209 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of Nordson in the 1st quarter valued at $67,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Down 0.2%

NASDAQ NDSN opened at $233.76 on Friday. Nordson has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.78 and a beta of 0.96. The firm's 50 day moving average price is $222.88 and its two-hundred day moving average price is $210.23.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings data on Thursday, September 8th. The industrial products company reported $2.42 earnings per share for the quarter. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The firm had revenue of $646.86 million for the quarter. Equities analysts anticipate that Nordson will post 10.2 EPS for the current year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Nordson's previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Thursday, September 11th. Nordson's dividend payout ratio (DPR) is currently 41.21%.

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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