Nordson Corporation (NASDAQ:NDSN) Plans Quarterly Dividend of $0.82

Nordson Corporation (NASDAQ:NDSN) declared a quarterly dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Thursday, September 11th will be paid a dividend of 0.82 per share by the industrial products company on Thursday, September 25th. This represents a c) annualized dividend and a yield of 1.5%. This is a 5.1% increase from Nordson’s previous quarterly dividend of $0.78.

Nordson has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordson to earn $10.89 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 28.7%.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $224.86 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. Nordson has a 1-year low of $165.03 and a 1-year high of $266.86. The company has a market capitalization of $12.64 billion, a P/E ratio of 28.26, a P/E/G ratio of 1.72 and a beta of 0.89. The firm’s 50 day simple moving average is $217.27 and its two-hundred day simple moving average is $206.99.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.10. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The business had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Nordson has set its FY 2025 guidance at 10.100- EPS. Research analysts expect that Nordson will post 10.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Vertical Research assumed coverage on shares of Nordson in a research report on Tuesday, June 17th. They set a “hold” rating and a $245.00 target price for the company. Jefferies Financial Group restated a “hold” rating and set a $240.00 target price on shares of Nordson in a research report on Thursday, August 21st. Finally, Wolfe Research initiated coverage on shares of Nordson in a research report on Wednesday, June 18th. They set a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $255.75.

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.