Nordson (NASDAQ:NDSN) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Nordson (NASDAQ:NDSN) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities research analysts also recently weighed in on NDSN. Vertical Research started coverage on Nordson in a research note on Tuesday, June 17th. They set a “hold” rating and a $245.00 price target for the company. Wolfe Research assumed coverage on Nordson in a report on Wednesday, June 18th. They issued a “peer perform” rating on the stock. KeyCorp lifted their target price on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Oppenheimer raised shares of Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research report on Friday, May 30th. Finally, Robert W. Baird increased their price target on shares of Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $255.86.

Nordson Stock Up 3.3%

NDSN stock opened at $227.17 on Friday. Nordson has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.73 and a beta of 0.89. The company has a 50 day moving average of $216.63 and a two-hundred day moving average of $206.71.

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

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. Nordson’s payout ratio is 39.20%.

Institutional Investors Weigh In On Nordson

Several hedge funds and other institutional investors have recently modified their holdings of NDSN. Quarry LP acquired a new position in Nordson during the 1st quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Nordson during the 2nd quarter worth about $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson during the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after buying an additional 128 shares during the period. Finally, NewSquare Capital LLC lifted its stake in shares of Nordson by 212.0% in the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 72.11% 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. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.