Nordson Co. (NASDAQ:NDSN) to Issue Quarterly Dividend of $0.78

Nordson Co. (NASDAQ:NDSN) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.78 per share by the industrial products company on Thursday, January 16th. This represents a $3.12 annualized dividend and a yield of 1.49%.

Nordson has increased its dividend payment by an average of 20.0% annually over the last three years and has increased its dividend annually for the last 62 consecutive years. Nordson has a payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nordson to earn $11.01 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 28.3%.

Nordson Price Performance

Shares of NDSN opened at $208.94 on Friday. The company has a 50 day moving average of $251.19 and a 200-day moving average of $245.32. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $11.95 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.70 and a beta of 0.90. Nordson has a twelve month low of $208.82 and a twelve month high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.19. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $736.83 million. Nordson had a net margin of 17.37% and a return on equity of 19.87%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS. As a group, equities research analysts forecast that Nordson will post 10.34 EPS for the current fiscal year.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 317 shares of Nordson stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares in the company, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer L. Mcdonough sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $262.27, for a total value of $59,010.75. Following the completion of the sale, the executive vice president now owns 3,287 shares of the company’s stock, valued at approximately $862,081.49. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,629 shares of company stock valued at $914,400 in the last three months. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. DA Davidson dropped their price objective on Nordson from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Robert W. Baird reiterated a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research note on Friday, December 13th. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.00.

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.