Nordson Corporation (NASDAQ:NDSN – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $307.74 and last traded at $306.9740, with a volume of 37937 shares changing hands. The stock had previously closed at $296.11.
Analysts Set New Price Targets
Several analysts recently issued reports on NDSN shares. DA Davidson upped their price objective on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. BNP Paribas Exane boosted their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Oppenheimer lifted their price objective on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Weiss Ratings lowered Nordson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $311.29.
Read Our Latest Stock Analysis on NDSN
Nordson Price Performance
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The business had revenue of $740.85 million during the quarter, compared to the consensus estimate of $728.78 million. During the same quarter in the previous year, the firm posted $2.42 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, equities research analysts forecast that Nordson Corporation will post 11.59 EPS for the current year.
Nordson Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, June 18th. Nordson’s payout ratio is 34.97%.
Insider Buying and Selling at Nordson
In other Nordson news, EVP Justin E. Hall sold 716 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total value of $197,487.12. Following the sale, the executive vice president directly owned 1,515 shares in the company, valued at $417,867.30. This trade represents a 32.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Srinivas Subramanian sold 3,100 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $280.00, for a total value of $868,000.00. Following the sale, the executive vice president directly owned 6,407 shares in the company, valued at $1,793,960. This trade represents a 32.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.84% of the company’s stock.
Hedge Funds Weigh In On Nordson
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Nordson by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock worth $1,504,515,000 after purchasing an additional 186,480 shares during the period. State Street Corp increased its position in Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after acquiring an additional 133,229 shares during the period. Morgan Stanley increased its holdings in shares of Nordson by 6.2% in the fourth quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company’s stock valued at $380,514,000 after purchasing an additional 92,970 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Nordson by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 891,016 shares of the industrial products company’s stock worth $214,227,000 after purchasing an additional 172,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Nordson by 12.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 851,679 shares of the industrial products company’s stock worth $204,769,000 after purchasing an additional 97,416 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.
Nordson Company Profile
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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