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

Nordson Co. (NASDAQ:NDSN) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Thursday, January 2nd will be paid 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 dividend yield of 1.45%.

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 62 consecutive years. Nordson has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 1.0 %

Shares of NDSN stock traded up $2.06 on Thursday, hitting $214.85. The stock had a trading volume of 17,961 shares, compared to its average volume of 243,238. Nordson has a one year low of $211.29 and a one year high of $279.38. The business has a 50 day moving average price of $252.08 and a 200 day moving average price of $245.57. The company has a market cap of $12.29 billion, a PE ratio of 26.49, a P/E/G ratio of 1.70 and a beta of 0.90. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.72.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Nordson news, EVP Stephen Lovass sold 317 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total transaction of $749,940.00. Following the sale, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. This trade represents a 25.73 % 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 worth $914,400 in the last ninety days. 0.86% of the stock is owned by insiders.

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.