Nordson Corporation (NASDAQ:NDSN) Receives $255.75 Consensus Target Price from Analysts

Shares of Nordson Corporation (NASDAQ:NDSN) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $255.75.

A number of equities analysts have issued reports on NDSN shares. Robert W. Baird increased their price objective on Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Vertical Research began coverage on Nordson in a report on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price objective for the company. KeyCorp increased their target price on Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Wolfe Research began coverage on Nordson in a research note on Wednesday, June 18th. They issued a “peer perform” rating on the stock. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd.

Institutional Investors Weigh In On Nordson

A number of institutional investors have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC grew its stake in shares of Nordson by 3.5% in the second quarter. Elevation Point Wealth Partners LLC now owns 1,436 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 48 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Nordson by 0.4% in the second quarter. Ensign Peak Advisors Inc now owns 13,931 shares of the industrial products company’s stock worth $2,986,000 after acquiring an additional 50 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after buying an additional 54 shares during the last quarter. Three Seasons Wealth LLC boosted its position in shares of Nordson by 3.0% during the second quarter. Three Seasons Wealth LLC now owns 1,844 shares of the industrial products company’s stock valued at $397,000 after buying an additional 54 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of Nordson by 2.2% during the first quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company’s stock valued at $553,000 after buying an additional 58 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Price Performance

Shares of Nordson stock opened at $223.64 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a market cap of $12.57 billion, a PE ratio of 28.10, a P/E/G ratio of 1.72 and a beta of 0.94. The business has a 50 day moving average of $219.50 and a 200 day moving average of $207.97. Nordson has a 52 week low of $165.03 and a 52 week high of $266.86.

Nordson (NASDAQ:NDSN) last announced its earnings results 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 the consensus estimate of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, equities research analysts forecast that Nordson will post 10.2 earnings per share for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.82 dividend. This is an increase from Nordson’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Nordson’s payout ratio is currently 41.21%.

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.