Nordson Co. (NASDAQ:NDSN) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Tuesday, December 19th will be paid a dividend of 0.30 per share by the industrial products company on Tuesday, January 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Monday, December 18th.
Nordson has increased its dividend by an average of 16.3% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Nordson has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Nordson to earn $6.50 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 18.5%.
Shares of Nordson (NASDAQ NDSN) opened at $144.80 on Friday. Nordson has a 1 year low of $107.16 and a 1 year high of $150.48. The stock has a market cap of $8,357.13, a P/E ratio of 26.96, a P/E/G ratio of 1.63 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.47 and a current ratio of 1.37.
NDSN has been the topic of a number of recent analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $135.00 price target on shares of Nordson in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Nordson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and set a $138.00 price target on shares of Nordson in a research note on Wednesday, October 4th. FBR & Co set a $160.00 price target on shares of Nordson and gave the stock a “buy” rating in a research note on Monday, September 11th. Finally, KeyCorp reaffirmed a “buy” rating and set a $145.00 price target on shares of Nordson in a research note on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Nordson currently has an average rating of “Buy” and a consensus target price of $145.40.
In other news, VP James E. Devries sold 5,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $118.01, for a total value of $590,050.00. Following the transaction, the vice president now owns 41,937 shares of the company’s stock, valued at approximately $4,948,985.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.15% of the company’s stock.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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