Nordson Corporation’s (NDSN) “Hold” Rating Reaffirmed at Robert W. Baird
Robert W. Baird reissued their hold rating on shares of Nordson Corporation (NASDAQ:NDSN) in a research note released on Thursday morning. The brokerage currently has a $128.00 price objective on the industrial products company’s stock.
Other research analysts have also issued reports about the company. Gabelli raised Nordson Corporation from a hold rating to a buy rating and set a $140.00 target price for the company in a research report on Wednesday, August 23rd. Wells Fargo & Company reaffirmed a market perform rating and set a $130.00 target price (up from $122.00) on shares of Nordson Corporation in a research report on Thursday, May 25th. Zacks Investment Research lowered Nordson Corporation from a buy rating to a hold rating in a research report on Thursday, May 25th. BidaskClub raised Nordson Corporation from a hold rating to a buy rating in a research report on Tuesday, June 27th. Finally, Wellington Shields raised Nordson Corporation from a hold rating to a gradually accumulate rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $134.33.
Shares of Nordson Corporation (NASDAQ NDSN) opened at 108.84 on Thursday. Nordson Corporation has a 52-week low of $94.56 and a 52-week high of $131.49. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.64 and a beta of 1.35. The company’s 50 day moving average price is $123.65 and its 200 day moving average price is $122.38.
Nordson Corporation (NASDAQ:NDSN) last announced its earnings results on Monday, August 21st. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The business had revenue of $589.40 million during the quarter, compared to analyst estimates of $574.20 million. Nordson Corporation had a return on equity of 32.99% and a net margin of 14.57%. Nordson Corporation’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. Analysts forecast that Nordson Corporation will post $5.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a $0.30 dividend. The ex-dividend date is Friday, August 18th. This is a positive change from Nordson Corporation’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.10%. Nordson Corporation’s dividend payout ratio (DPR) is 23.90%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Nordson Corporation by 1.5% in the second quarter. Vanguard Group Inc. now owns 4,463,149 shares of the industrial products company’s stock valued at $541,469,000 after buying an additional 67,045 shares during the period. BlackRock Inc. raised its position in Nordson Corporation by 1.1% in the second quarter. BlackRock Inc. now owns 4,430,648 shares of the industrial products company’s stock valued at $537,525,000 after buying an additional 50,194 shares during the period. Atlanta Capital Management Co. L L C raised its position in Nordson Corporation by 91.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,777,597 shares of the industrial products company’s stock valued at $215,658,000 after buying an additional 848,006 shares during the period. Janus Henderson Group PLC acquired a new position in Nordson Corporation during the second quarter valued at $158,781,000. Finally, Alliancebernstein L.P. raised its position in Nordson Corporation by 1.3% in the first quarter. Alliancebernstein L.P. now owns 993,628 shares of the industrial products company’s stock valued at $122,057,000 after buying an additional 12,809 shares during the period. 66.04% of the stock is owned by hedge funds and other institutional investors.
About Nordson Corporation
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.
Receive News & Ratings for Nordson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordson Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.