Nordson Co. (NASDAQ:NDSN) Receives Consensus Rating of “Moderate Buy” from Analysts

Nordson Co. (NASDAQ:NDSNGet Rating) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $263.60.

A number of equities research analysts recently weighed in on NDSN shares. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, July 16th. Robert W. Baird decreased their price objective on shares of Nordson from $266.00 to $243.00 and set an “outperform” rating for the company in a report on Wednesday, May 25th. DA Davidson decreased their price objective on shares of Nordson from $300.00 to $265.00 in a report on Tuesday, May 24th. Finally, Morgan Stanley decreased their price objective on shares of Nordson from $270.00 to $250.00 and set an “equal weight” rating for the company in a report on Thursday, June 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. M&T Bank Corp boosted its holdings in shares of Nordson by 134.6% in the 2nd quarter. M&T Bank Corp now owns 13,501 shares of the industrial products company’s stock valued at $1,596,000 after buying an additional 7,746 shares during the period. Pinebridge Investments L.P. lifted its position in Nordson by 144.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 82,358 shares of the industrial products company’s stock valued at $16,673,000 after purchasing an additional 48,699 shares during the last quarter. Citizens Financial Group Inc RI lifted its position in Nordson by 16.4% in the 2nd quarter. Citizens Financial Group Inc RI now owns 1,508 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 212 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Nordson by 67.2% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 5,676 shares of the industrial products company’s stock valued at $1,149,000 after purchasing an additional 2,282 shares during the last quarter. Finally, abrdn plc raised its position in shares of Nordson by 31.8% during the 2nd quarter. abrdn plc now owns 14,691 shares of the industrial products company’s stock worth $2,971,000 after buying an additional 3,542 shares in the last quarter. 81.23% of the stock is owned by institutional investors and hedge funds.

Nordson Price Performance

NDSN opened at $231.55 on Monday. The company has a fifty day simple moving average of $211.63 and a 200 day simple moving average of $218.80. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.90 and a beta of 0.96. Nordson has a twelve month low of $194.89 and a twelve month high of $272.28. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

Nordson (NASDAQ:NDSNGet Rating) last released its quarterly earnings results on Monday, May 23rd. The industrial products company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.16. The business had revenue of $635.40 million during the quarter, compared to analyst estimates of $644.90 million. Nordson had a net margin of 19.38% and a return on equity of 23.93%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS. Equities research analysts expect that Nordson will post 9.32 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Tuesday, May 24th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, May 23rd. Nordson’s dividend payout ratio (DPR) is presently 24.79%.

Nordson Company Profile

(Get Rating)

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 two segments, Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS).

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Analyst Recommendations for Nordson (NASDAQ:NDSN)

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