Nordson (NASDAQ:NDSN) had its target price decreased by B. Riley from $175.00 to $165.00 in a research note published on Wednesday, May 23rd. B. Riley currently has a buy rating on the industrial products company’s stock. B. Riley also issued estimates for Nordson’s Q3 2018 earnings at $1.60 EPS, Q4 2018 earnings at $1.58 EPS, FY2018 earnings at $6.08 EPS and FY2019 earnings at $6.92 EPS.
Several other research firms have also recently issued reports on NDSN. BidaskClub cut Nordson from a buy rating to a hold rating in a research note on Thursday, January 25th. DA Davidson assumed coverage on Nordson in a research note on Wednesday, February 21st. They issued a buy rating and a $160.00 target price on the stock. ValuEngine raised Nordson from a hold rating to a buy rating in a research note on Friday, April 13th. Wells Fargo & Co reissued a market perform rating and issued a $140.00 target price (down from $155.00) on shares of Nordson in a research note on Monday, February 26th. They noted that the move was a valuation call. Finally, Robert W. Baird reissued a neutral rating on shares of Nordson in a research note on Friday, February 23rd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $153.60.
Shares of Nordson traded up $0.47, reaching $129.54, on Wednesday, MarketBeat Ratings reports. 149,700 shares of the company traded hands, compared to its average volume of 243,362. Nordson has a 52 week low of $107.16 and a 52 week high of $151.84. The stock has a market capitalization of $7.69 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. The company has a current ratio of 1.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 25th. This represents a $1.20 annualized dividend and a yield of 0.93%. Nordson’s dividend payout ratio (DPR) is presently 22.35%.
A number of institutional investors and hedge funds have recently modified their holdings of NDSN. Wells Fargo & Company MN lifted its holdings in Nordson by 107.7% in the fourth quarter. Wells Fargo & Company MN now owns 970,315 shares of the industrial products company’s stock worth $142,053,000 after buying an additional 503,093 shares during the period. American Century Companies Inc. purchased a new stake in Nordson in the first quarter worth about $52,629,000. JPMorgan Chase & Co. lifted its holdings in Nordson by 34.9% in the first quarter. JPMorgan Chase & Co. now owns 840,589 shares of the industrial products company’s stock worth $114,605,000 after buying an additional 217,539 shares during the period. Select Equity Group L.P. purchased a new stake in Nordson in the first quarter worth about $28,369,000. Finally, Schroder Investment Management Group lifted its holdings in Nordson by 75.1% in the fourth quarter. Schroder Investment Management Group now owns 484,365 shares of the industrial products company’s stock worth $70,910,000 after buying an additional 207,792 shares during the period. Institutional investors and hedge funds own 66.27% of the company’s stock.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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