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

Shares of Nordson Co. (NASDAQ:NDSNGet Rating) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $275.40.

NDSN has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Nordson from $280.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, January 10th. Loop Capital initiated coverage on Nordson in a research report on Tuesday, March 29th. They set a “hold” rating and a $250.00 price objective for the company. Finally, StockNews.com raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, April 16th.

Several hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Nordson by 73,987.5% during the 1st quarter. Allworth Financial LP now owns 11,854 shares of the industrial products company’s stock worth $2,692,000 after buying an additional 11,838 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Nordson by 9.3% during the 1st quarter. Truist Financial Corp now owns 56,650 shares of the industrial products company’s stock worth $12,864,000 after buying an additional 4,822 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Nordson during the 1st quarter worth $395,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Nordson during the 1st quarter worth $36,000. Finally, Inspire Investing LLC acquired a new stake in Nordson in the 1st quarter valued at $1,831,000. Institutional investors and hedge funds own 78.00% of the company’s stock.

NDSN stock opened at $220.38 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.45 and a quick ratio of 1.60. Nordson has a 12 month low of $197.20 and a 12 month high of $272.28. The firm has a market capitalization of $12.77 billion, a PE ratio of 26.02, a P/E/G ratio of 1.82 and a beta of 0.96. The company’s 50 day simple moving average is $224.53 and its 200-day simple moving average is $240.91.

Nordson (NASDAQ:NDSNGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.14. Nordson had a return on equity of 23.76% and a net margin of 20.34%. The firm had revenue of $609.20 million during the quarter, compared to the consensus estimate of $607.21 million. During the same period in the previous year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nordson will post 9.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Tuesday, February 22nd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, February 18th. Nordson’s dividend payout ratio is presently 24.09%.

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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