Nordson (NASDAQ:NDSN) Lowered to “Neutral” Rating by BNP Paribas

BNP Paribas cut shares of Nordson (NASDAQ:NDSN) from an outperform rating to a neutral rating in a research report released on Monday, Marketbeat reports. BNP Paribas currently has $219.00 price objective on the industrial products company’s stock.

NDSN has been the topic of a number of other reports. Loop Capital upgraded Nordson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $255.00 to $280.00 in a research note on Wednesday, January 22nd. DA Davidson lowered their price target on shares of 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 issued a $237.00 price objective (down 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 research note on Friday, December 13th. Finally, Seaport Res Ptn upgraded Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.25.

Nordson Stock Down 1.9 %

Nordson stock opened at $210.99 on Monday. The firm has a 50 day moving average price of $213.41 and a 200-day moving average price of $238.42. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. Nordson has a twelve month low of $196.83 and a twelve month high of $279.38. The company has a market capitalization of $12.04 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.65 and a beta of 0.95.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The firm had revenue of $615.42 million during the quarter, compared to analysts’ expectations of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. As a group, equities analysts predict that Nordson will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, January 2nd. Nordson’s dividend payout ratio (DPR) is presently 39.69%.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Nordson

Several large investors have recently added to or reduced their stakes in NDSN. Creative Planning boosted its position in shares of Nordson by 16.0% during the 3rd quarter. Creative Planning now owns 4,147 shares of the industrial products company’s stock valued at $1,089,000 after acquiring an additional 572 shares during the last quarter. Blue Trust Inc. raised its stake in Nordson by 130.0% in the third quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 91 shares in the last quarter. Private Advisor Group LLC lifted its position in Nordson by 21.4% during the third quarter. Private Advisor Group LLC now owns 2,365 shares of the industrial products company’s stock valued at $621,000 after purchasing an additional 417 shares during the last quarter. International Assets Investment Management LLC grew its stake in Nordson by 26,109.1% in the 3rd quarter. International Assets Investment Management LLC now owns 104,050 shares of the industrial products company’s stock worth $27,327,000 after buying an additional 103,653 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of Nordson by 2.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 10,518 shares of the industrial products company’s stock worth $2,762,000 after buying an additional 205 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

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 worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.