Nordson Co. (NASDAQ:NDSN) has received an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $137.80.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised shares of Nordson from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Oppenheimer raised their price objective on shares of Nordson from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.
NDSN stock traded down $0.30 during midday trading on Wednesday, reaching $133.24. The company’s stock had a trading volume of 107,669 shares, compared to its average volume of 218,234. Nordson has a 52 week low of $110.16 and a 52 week high of $149.23. The stock has a market cap of $7.67 billion, a PE ratio of 22.43, a PEG ratio of 1.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 2.16.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a $0.35 dividend. The ex-dividend date was Friday, May 24th. This represents a $1.40 annualized dividend and a yield of 1.05%. Nordson’s dividend payout ratio (DPR) is presently 23.57%.
In other Nordson news, CEO Michael F. Hilton sold 6,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $128.06, for a total value of $768,360.00. Following the sale, the chief executive officer now directly owns 224,455 shares in the company, valued at $28,743,707.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary G. Puma sold 998 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $127.88, for a total transaction of $127,624.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,658 shares of company stock worth $4,350,613. Company insiders own 1.97% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NDSN. Doyle Wealth Management acquired a new stake in Nordson in the fourth quarter worth $30,000. CX Institutional acquired a new stake in Nordson in the first quarter worth $30,000. Cordasco Financial Network acquired a new stake in Nordson in the first quarter worth $30,000. Penserra Capital Management LLC acquired a new stake in Nordson in the fourth quarter worth $36,000. Finally, Zions Bancorporation N.A. acquired a new stake in Nordson in the first quarter worth $43,000. Institutional investors own 69.08% 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 worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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