Nordson Corporation (NDSN) Given a $160.00 Price Target at FBR & Co
FBR & Co set a $160.00 price objective on Nordson Corporation (NASDAQ:NDSN) in a research note released on Monday morning. The brokerage currently has a buy rating on the industrial products company’s stock.
A number of other analysts have also recently issued reports on NDSN. BidaskClub cut shares of Nordson Corporation from a strong-buy rating to a buy rating in a research note on Friday, August 18th. Wells Fargo & Company reiterated a market perform rating and issued a $130.00 target price (up from $122.00) on shares of Nordson Corporation in a research note on Thursday, May 25th. Zacks Investment Research cut shares of Nordson Corporation from a hold rating to a sell rating in a research note on Thursday, August 24th. Robert W. Baird restated a hold rating and issued a $128.00 price objective on shares of Nordson Corporation in a research note on Thursday, August 24th. Finally, Gabelli upgraded shares of Nordson Corporation from a hold rating to a buy rating and set a $140.00 price objective for the company in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $138.00.
Shares of Nordson Corporation (NASDAQ:NDSN) opened at 112.89 on Monday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 22.45 and a beta of 1.35. The company’s 50-day moving average is $118.86 and its 200-day moving average is $121.68. Nordson Corporation has a 12-month low of $95.35 and a 12-month high of $131.49.
Nordson Corporation (NASDAQ:NDSN) last posted its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The firm had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $574.20 million. Nordson Corporation had a net margin of 14.57% and a return on equity of 32.99%. The company’s revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. On average, equities analysts forecast that Nordson Corporation will post $5.31 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Nordson Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, August 18th. Nordson Corporation’s payout ratio is presently 23.90%.
Several institutional investors have recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Nordson Corporation by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after buying an additional 21 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Nordson Corporation by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares during the last quarter. Capstone Asset Management Co. lifted its stake in shares of Nordson Corporation by 0.6% in the second quarter. Capstone Asset Management Co. now owns 6,586 shares of the industrial products company’s stock worth $799,000 after buying an additional 40 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Nordson Corporation by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,156 shares of the industrial products company’s stock worth $504,000 after buying an additional 72 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Nordson Corporation by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 22,225 shares of the industrial products company’s stock worth $2,730,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.
Nordson Corporation Company Profile
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.
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