Nordson Co. (NASDAQ:NDSN) has been given a “Hold” rating by six analysts that cover the firm. Nordson’s stock opened at $204.02 on Friday with a market capitalization of $11.68 billion. Hedge funds and institutional investors have made some changes to their holdings, owning 70.40% of the company’s stock. The industrial products company also announced a quarterly dividend of $0.65, paid on Tuesday, March 7th. Nordson Corp. operates in two segments, Industrial Precision Solutions and Advanced Technology Solution, and engineers, manufactures and markets products and systems used for adhesives, coatings, sealants, biomaterials and other materials. The company provides proprietary dispensing and processing technology to diverse end markets. Interested parties can subscribe to MarketBeat.com’s free daily email newsletter to receive daily news and analysts’ ratings for Nordson and related companies.
Nordson Co. (NASDAQ:NDSN) has received a “Hold” recommendation from the six analysts covering the company, according to MarketBeat.com. This rating follows a number of recent analyst reports, including one from StockNews.com, which initiated coverage on the company and gave it a “hold” rating. Nordson was also the subject of a report by Robert W. Baird, which cut its price target for the company from $259.00 to $241.00 and gave it an “outperform” rating.
Shares of Nordson stock opened at $204.02 on Friday, with the company having a market capitalization of $11.68 billion, a PE ratio of 23.78, a P/E/G ratio of 1.76 and a beta of 0.91. Nordson has a twelve month low of $194.89 and a twelve month high of $251.26. The company has a current ratio of 1.43, a quick ratio of 0.89 and a debt-to-equity ratio of 0.25, with its 50-day moving average price at $232.18 and its 200-day moving average price at $229.06.
Nordson last released its quarterly earnings data on Tuesday, February 21st, revealing an EPS of $1.95 for the quarter, which missed the consensus estimates of $1.98 by ($0.03). The company had a net margin of 19.18% and a return on equity of 23.67%. Analysts predict that Nordson will post an EPS of 9.03 for the current fiscal year.
Nordson also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Investors who were on record as of Tuesday, February 21st were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, February 17th. This represents a $2.60 annualized dividend and a yield of 1.27%. The company’s dividend payout ratio (DPR) is currently 30.30%.
Insider activity at Nordson is also worth noting.
Jeffrey A. Pembroke, the Executive Vice President of Nordson Co. (NASDAQ:NDSN), sold 5,000 shares of the company’s stock on Monday, February 13th at an average price of $243.48 per share, for a total value of $1,217,400. Following the sale, Pembroke owns 17,600 shares of Nordson stock, valued at approximately $4,285,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission (SEC), which is accessible through the SEC website.
In addition, Nordson’s CFO, Joseph P. Kelley, sold 2,100 shares of the company’s stock on Monday, February 6th at an average price of $246.43 per share, for a total value of $517,503. After the sale, Kelley now owns 9,091 shares of the company’s stock, valued at approximately $2,240,295.13. The disclosure for this sale can be found in this link.
Insider trading activity at Nordson has been quite active lately. In the last quarter, insiders sold a total of 10,403 shares of company stock, valued at $2,515,941. Insiders now own 0.70% of the company’s stock.
Aside from insider activity, Hedge Funds have also weighed in on Nordson.
Nordson Co. (NASDAQ:NDSN) has recently seen some changes in its institutional investor and hedge fund holdings. Salem Investment Counselors Inc. acquired a new stake in Nordson during the 2nd quarter valued at around $31,000. Asset Dedication LLC increased its holdings in Nordson by an impressive 1,258.3% during the 4th quarter, purchasing an additional 151 shares, and now owns 163 shares worth $39,000. Private Trust Co. NA acquired a new stake in the company during the 2nd quarter worth about $46,000. Bessemer Group Inc. also lifted its holdings in Nordson by 33.1% during the 3rd quarter, purchasing an additional 53 shares, and now owns 213 shares worth $46,000. Romano Brothers AND Company also purchased a new stake in Nordson during the 4th quarter worth around $58,000. Currently, institutional investors and hedge funds own 70.40% of the company’s stock.
Nordson Corp. is an industrial products company that engineers, manufactures and markets products and systems used for adhesives, coatings, sealants, biomaterials and other materials. It operates through two segments: Industrial Precision Solutions and Advanced Technology Solution. The former enhances the technology synergies between adhesive dispensing systems and industrial coating systems to deliver proprietary dispensing and processing technology to diverse end markets.
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