Nordson Co. (NDSN) To Go Ex-Dividend on March 20th

Nordson Co. (NASDAQ:NDSN) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.78 per share by the industrial products company on Thursday, April 3rd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, March 20th.

Nordson has raised its dividend payment by an average of 17.5% annually over the last three years and has increased its dividend every year for the last 62 years. Nordson has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $10.89 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 28.7%.

Nordson Stock Performance

NDSN opened at $210.68 on Tuesday. The stock’s 50 day simple moving average is $213.21 and its 200-day simple moving average is $234.90. Nordson has a 1 year low of $196.83 and a 1 year high of $279.38. The stock has a market cap of $11.99 billion, a PE ratio of 26.80, a P/E/G ratio of 1.65 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.72.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Sell-side analysts forecast that Nordson will post 10.2 EPS for the current year.

Insider Buying and Selling at Nordson

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the completion of the sale, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NDSN shares. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and raised their price target for the stock from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. DA Davidson lowered their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price target (down previously from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, BNP Paribas downgraded shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.20.

About Nordson

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.