Nordson Co. (NASDAQ:NDSN) announced a quarterly dividend on Wednesday, December 11th, Wall Street Journal reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.38 per share by the industrial products company on Tuesday, January 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, December 19th.
Shares of NASDAQ NDSN traded up $1.37 during trading on Wednesday, reaching $167.00. The stock had a trading volume of 341,288 shares, compared to its average volume of 192,460. Nordson has a one year low of $110.16 and a one year high of $168.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.57 and a current ratio of 2.21. The stock has a market cap of $9.64 billion, a PE ratio of 28.11, a P/E/G ratio of 1.59 and a beta of 1.23. The firm’s 50 day moving average price is $162.28 and its two-hundred day moving average price is $143.69.
NDSN has been the subject of a number of research analyst reports. DA Davidson lowered their price target on Nordson from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Longbow Research set a $160.00 price target on Nordson and gave the company a “buy” rating in a report on Friday, August 23rd. ValuEngine downgraded Nordson from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co boosted their price target on Nordson from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Zacks Investment Research downgraded Nordson from a “hold” rating to a “sell” rating and set a $173.00 price target for the company. in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $148.00.
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for adhesives, lotions, liquids, and fibers to disposable products and roll goods; automated adhesive dispensing systems used in packaged goods industries; components and systems used in the thermoplastic melt stream; and product assembly systems for use in paper and paperboard converting applications, and manufacturing roll goods, as well as for the assembly of plastic, metal, and wood products.
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