Nordson Co. (NASDAQ:NDSN) Declares Dividend Increase – $0.78 Per Share

Nordson Co. (NASDAQ:NDSN) declared a quarterly dividend on Wednesday, August 14th, RTT News reports. Stockholders of record on Tuesday, August 27th will be given a dividend of 0.78 per share by the industrial products company on Tuesday, September 10th. This represents a $3.12 annualized dividend and a dividend yield of 1.32%. This is an increase from Nordson’s previous quarterly dividend of $0.68.

Nordson has raised its dividend payment by an average of 20.0% per year over the last three years and has raised its dividend annually for the last 61 consecutive years. Nordson has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $10.41 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 26.1%.

Nordson Trading Down 0.4 %

NASDAQ NDSN opened at $236.49 on Thursday. The firm has a market capitalization of $13.54 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. Nordson has a one year low of $208.91 and a one year high of $279.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 2.21. The company has a 50-day simple moving average of $234.29 and a 200-day simple moving average of $252.08.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Monday, May 20th. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $650.64 million for the quarter, compared to analysts’ expectations of $661.06 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 earnings per share. On average, equities analysts forecast that Nordson will post 9.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. DA Davidson dropped their price target on Nordson from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Robert W. Baird lowered their price target on shares of Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Finally, StockNews.com downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $279.40.

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.