Nordson Co. (NASDAQ:NDSN) Declares $0.38 Quarterly Dividend

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.

In related news, insider Michael F. Hilton sold 8,538 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $146.81, for a total transaction of $1,253,463.78. Following the completion of the transaction, the insider now owns 210,917 shares in the company, valued at approximately $30,964,724.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael F. Hilton sold 15,951 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.11, for a total value of $2,617,718.61. Following the transaction, the insider now owns 215,582 shares of the company’s stock, valued at approximately $35,379,162.02. The disclosure for this sale can be found here. Insiders have sold a total of 66,630 shares of company stock valued at $9,989,816 in the last 90 days. Insiders own 1.97% of the company’s stock.

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. 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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Dividend History for Nordson (NASDAQ:NDSN)

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