Robert W. Baird Raises Nordson (NASDAQ:NDSN) Price Target to $252.00

Nordson (NASDAQ:NDSN) had its price objective hoisted by stock analysts at Robert W. Baird from $245.00 to $252.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 10.93% from the company’s previous close.

Other analysts have also recently issued research reports about the company. KeyCorp upped their price objective on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Oppenheimer upgraded Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Friday, May 30th. Vertical Research assumed coverage on Nordson in a research report on Tuesday, June 17th. They set a “hold” rating and a $245.00 price objective for the company. Finally, Wolfe Research began coverage on Nordson in a research report on Wednesday, June 18th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.86.

Nordson Stock Up 3.3%

Nordson stock opened at $227.17 on Friday. The stock has a market cap of $12.84 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.64 and a current ratio of 1.69. Nordson has a one year low of $165.03 and a one year high of $266.86. The stock has a fifty day moving average of $216.63 and a 200 day moving average of $206.71.

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

Hedge Funds Weigh In On Nordson

A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC boosted its stake in shares of Nordson by 6.1% in the second quarter. Advisory Services Network LLC now owns 12,620 shares of the industrial products company’s stock worth $2,703,000 after acquiring an additional 729 shares during the period. State of Wyoming bought a new position in shares of Nordson in the second quarter worth about $73,000. Caxton Associates LLP boosted its stake in shares of Nordson by 127.7% in the second quarter. Caxton Associates LLP now owns 5,171 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 2,900 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Nordson in the second quarter worth about $31,000. Finally, Winslow Asset Management Inc. boosted its stake in shares of Nordson by 0.6% in the second quarter. Winslow Asset Management Inc. now owns 57,748 shares of the industrial products company’s stock worth $12,379,000 after acquiring an additional 361 shares during the period. Institutional investors 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.