Nordson (NASDAQ:NDSN - Free Report) had its target price cut by KeyCorp from $260.00 to $230.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the industrial products company's stock.
Several other brokerages also recently issued reports on NDSN. Robert W. Baird reaffirmed a "neutral" rating and issued a $237.00 price objective (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and lifted their price target for the stock from $255.00 to $280.00 in a research note on Wednesday, January 22nd. Baird R W downgraded Nordson from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson cut their price target on Nordson from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $250.20.
Read Our Latest Report on Nordson
Nordson Trading Up 2.5 %
Shares of NASDAQ:NDSN traded up $4.52 during trading on Tuesday, reaching $185.56. 622,407 shares of the stock were exchanged, compared to its average volume of 295,112. Nordson has a 12-month low of $165.03 and a 12-month high of $279.38. The firm's 50-day moving average price is $204.74 and its 200 day moving average price is $226.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). Nordson had a net margin of 16.93% and a return on equity of 19.28%. The business had revenue of $615.42 million during the quarter, compared to analysts' expectations of $639.40 million. On average, sell-side analysts anticipate that Nordson will post 10.2 earnings per share for the current fiscal year.
Nordson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.68%. Nordson's dividend payout ratio (DPR) is 39.69%.
Hedge Funds Weigh In On Nordson
A number of hedge funds have recently added to or reduced their stakes in NDSN. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nordson by 86.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after buying an additional 89 shares during the period. UMB Bank n.a. boosted its stake in Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 52 shares during the period. Tortoise Investment Management LLC grew its holdings in shares of Nordson by 73.7% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 115 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Nordson in the 4th quarter worth approximately $62,000. Finally, Brooklyn Investment Group boosted its position in Nordson by 695.0% during the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.
About Nordson
(
Get Free Report)
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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