Shares of Nordson Co. (NASDAQ:NDSN) have been given a consensus rating of “Buy” by the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $151.29.

A number of equities research analysts recently commented on NDSN shares. SunTrust Banks increased their price objective on shares of Nordson to $166.00 and gave the company a “buy” rating in a research note on Friday, December 15th. BidaskClub cut shares of Nordson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. KeyCorp reissued a “buy” rating and issued a $145.00 price objective on shares of Nordson in a research note on Thursday, October 12th. Finally, Barrington Research reissued a “market perform” rating on shares of Nordson in a research note on Tuesday, January 9th.

Shares of Nordson (NDSN) traded down $0.12 during midday trading on Friday, reaching $149.87. 243,485 shares of the company were exchanged, compared to its average volume of 260,987. The firm has a market cap of $8,650.00, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.39. Nordson has a 12-month low of $107.16 and a 12-month high of $151.84. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 1.37.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 13th. The industrial products company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. The firm had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $546.76 million. Nordson had a net margin of 14.31% and a return on equity of 30.54%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 EPS. analysts predict that Nordson will post 6.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were issued a $0.30 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. Nordson’s dividend payout ratio (DPR) is 23.86%.

In other Nordson news, SVP John J. Keane sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $150.35, for a total value of $3,007,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James E. Devries sold 5,800 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $148.86, for a total transaction of $863,388.00. Following the completion of the transaction, the vice president now owns 46,222 shares in the company, valued at $6,880,606.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,597 shares of company stock worth $12,623,580. 2.15% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in Nordson by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 79,137 shares of the industrial products company’s stock valued at $9,601,000 after purchasing an additional 1,751 shares in the last quarter. FMR LLC lifted its holdings in Nordson by 26.9% in the 2nd quarter. FMR LLC now owns 455,680 shares of the industrial products company’s stock valued at $55,283,000 after purchasing an additional 96,598 shares in the last quarter. Strs Ohio lifted its holdings in Nordson by 54.5% in the 3rd quarter. Strs Ohio now owns 85,000 shares of the industrial products company’s stock valued at $10,072,000 after purchasing an additional 30,000 shares in the last quarter. Ardevora Asset Management LLP lifted its holdings in Nordson by 0.7% in the 3rd quarter. Ardevora Asset Management LLP now owns 289,900 shares of the industrial products company’s stock valued at $34,353,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in Nordson by 73.3% in the 3rd quarter. Dupont Capital Management Corp now owns 8,494 shares of the industrial products company’s stock valued at $1,007,000 after purchasing an additional 3,592 shares in the last quarter. Institutional investors own 65.84% of the company’s stock.

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Nordson 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.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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