Nordson Corporation (NASDAQ:NDSN) Announces Dividend Increase – $0.94 Per Share

Nordson Corporation (NASDAQ:NDSN) declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.94 per share by the industrial products company on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 14.6% increase from Nordson’s previous quarterly dividend of $0.82.

Nordson has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 62 consecutive years. Nordson has a payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nordson to earn $12.73 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 25.8%.

Nordson Trading Down 1.1%

Shares of NDSN opened at $330.84 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. Nordson has a 1 year low of $220.06 and a 1 year high of $339.12. The company has a 50 day simple moving average of $302.06 and a two-hundred day simple moving average of $288.53. The firm has a market cap of $18.43 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. During the same quarter last year, the business posted $2.73 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts expect that Nordson will post 11.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Robert W. Baird raised their price objective on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. BNP Paribas Exane lifted their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Nordson presently has an average rating of “Moderate Buy” and an average target price of $326.57.

About Nordson

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.