Nordson Co. (NDSN) to Distribute Quarterly Dividend of $0.78 on January 16th

Nordson Co. (NASDAQ:NDSN) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders 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 dividend 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 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 0.4 %

NASDAQ:NDSN opened at $209.73 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.41 and a quick ratio of 1.52. Nordson has a one year low of $207.15 and a one year high of $279.38. The firm’s 50 day simple moving average is $251.19 and its 200 day simple moving average is $245.32. The company has a market cap of $11.99 billion, a PE ratio of 25.86, a P/E/G ratio of 1.70 and a beta of 0.90.

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

Wall Street Analyst Weigh In

NDSN has been the subject of several analyst reports. Robert W. Baird restated a “neutral” rating and set a $237.00 price target (down previously from $294.00) on shares of Nordson in a report on Friday, December 13th. Baird R W lowered shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, DA Davidson cut 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. Four investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 225 shares of Nordson stock in a transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,629 shares of company stock valued at $914,400 in the last 90 days. 0.86% of the stock is currently owned by corporate 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.