Nordson Co. (NASDAQ:NDSN) declared a quarterly dividend on Tuesday, May 15th, RTT News reports. Stockholders of record on Tuesday, May 29th will be paid a dividend of 0.30 per share by the industrial products company on Tuesday, June 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, May 25th.
Nordson has increased its dividend by an average of 13.5% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Nordson has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $7.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.9%.
Shares of Nordson opened at $132.21 on Wednesday, Marketbeat.com reports. The company has a market cap of $7.73 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. Nordson has a 12-month low of $131.70 and a 12-month high of $132.71. The company has a quick ratio of 1.07, a current ratio of 1.52 and a debt-to-equity ratio of 0.97.
Nordson (NASDAQ:NDSN) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $550.42 million during the quarter, compared to the consensus estimate of $538.21 million. Nordson had a return on equity of 30.41% and a net margin of 15.85%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. equities research analysts expect that Nordson will post 6.33 earnings per share for the current year.
In other Nordson news, CEO Michael F. Hilton sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $137.11, for a total transaction of $6,855,500.00. Following the completion of the transaction, the chief executive officer now owns 225,774 shares of the company’s stock, valued at $30,955,873.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael F. Hilton sold 55,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $138.18, for a total value of $7,599,900.00. Following the transaction, the chief executive officer now directly owns 241,274 shares of the company’s stock, valued at approximately $33,339,241.32. The disclosure for this sale can be found here. Company insiders own 2.01% of the company’s stock.
Several research firms recently weighed in on NDSN. BidaskClub downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. B. Riley set a $175.00 price objective on Nordson and gave the company a “buy” rating in a research note on Friday, February 23rd. DA Davidson began coverage on Nordson in a research note on Wednesday, February 21st. They issued a “buy” rating and a $160.00 price objective for the company. Robert W. Baird reaffirmed a “neutral” rating on shares of Nordson in a research note on Friday, February 23rd. Finally, Wells Fargo reaffirmed a “market perform” rating and issued a $140.00 price objective (down from $155.00) on shares of Nordson in a research note on Monday, February 26th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Nordson has an average rating of “Hold” and an average price target of $154.30.
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. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; and product assembly dispensing, coating, and laminating systems for use in paper and paperboard converting applications, as well as for the manufacture of roll goods.
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