Nordson Co. (NDSN) To Go Ex-Dividend on May 20th

Nordson Co. (NASDAQ:NDSNGet Free Report) announced a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.68 per share by the industrial products company on Tuesday, June 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, May 20th.

Nordson has raised its dividend payment by an average of 20.0% per year over the last three years and has increased its dividend annually for the last 61 consecutive years. Nordson has a dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $11.16 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 24.4%.

Nordson Trading Up 0.4 %

Shares of NDSN stock opened at $271.65 on Friday. Nordson has a fifty-two week low of $208.90 and a fifty-two week high of $279.38. The firm’s 50 day moving average price is $267.32 and its two-hundred day moving average price is $255.51. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSNGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The firm had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $630.77 million. During the same period in the prior year, the company earned $1.95 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that Nordson will post 10.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Nordson in a research report on Monday, February 26th. Wells Fargo & Company upped their target price on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. StockNews.com downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, DA Davidson upped their price objective on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Read Our Latest Research Report on NDSN

Nordson Company Profile

(Get Free Report)

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 three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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Dividend History for Nordson (NASDAQ:NDSN)

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