Analysts Set Nordson Co. (NASDAQ:NDSN) Target Price at $282.40

Shares of Nordson Co. (NASDAQ:NDSN) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $282.40.

Several equities analysts have recently commented on NDSN shares. Robert W. Baird increased their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. DA Davidson dropped their price objective on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, StockNews.com lowered Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Beacon Pointe Advisors LLC lifted its holdings in shares of Nordson by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock valued at $782,000 after purchasing an additional 133 shares in the last quarter. UBS Group AG grew its holdings in shares of Nordson by 14.8% during the 4th quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock valued at $43,024,000 after purchasing an additional 21,016 shares during the last quarter. Bessemer Group Inc. increased its stake in Nordson by 5,590.7% in the 1st quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock worth $1,343,000 after purchasing an additional 4,808 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Nordson by 61.6% during the second quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after acquiring an additional 11,875 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of Nordson during the first quarter valued at approximately $1,562,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Trading Up 0.1 %

NASDAQ:NDSN opened at $248.24 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $242.67 and a 200 day moving average price of $250.47. The firm has a market cap of $14.22 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.97 and a beta of 0.90. Nordson has a 12-month low of $208.91 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 21st. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.08. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $656.49 million. Nordson had a net margin of 17.75% and a return on equity of 19.80%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.35 EPS. Sell-side analysts anticipate that Nordson will post 9.55 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Nordson’s previous quarterly dividend of $0.68. Nordson’s dividend payout ratio (DPR) is presently 37.19%.

Nordson Company Profile

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.