Nordson (NASDAQ:NDSN) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Nordson (NASDAQ:NDSN – Free Report) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on NDSN. Oppenheimer boosted their price target on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. KeyCorp restated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Nordson in a report on Thursday, August 20th. Robert W. Baird upped their target price on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and an average price target of $326.57.

Get Our Latest Stock Report on Nordson

Nordson Trading Down 0.2%

NDSN stock opened at $309.86 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The company’s 50-day simple moving average is $322.35 and its 200 day simple moving average is $296.24. Nordson has a 52 week low of $223.29 and a 52 week high of $339.12. The company has a market capitalization of $17.26 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99.

Nordson (NASDAQ:NDSN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. During the same quarter in the previous year, the company earned $2.73 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts anticipate that Nordson will post 11.86 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were issued a $0.94 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is 38.02%.

Insider Buying and Selling at Nordson

In other news, CAO Joseph M. Rutledge sold 684 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the transaction, the chief accounting officer owned 2,134 shares of the company’s stock, valued at approximately $660,216.92. The trade was a 24.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,273 shares of company stock valued at $743,247. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NDSN. XXEC Inc. acquired a new stake in shares of Nordson in the 2nd quarter valued at approximately $896,378,000. BlackRock Inc. bought a new stake in shares of Nordson during the 2nd quarter valued at approximately $1,248,447,000. Dimensional Fund Advisors LP grew its holdings in shares of Nordson by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock valued at $120,752,000 after purchasing an additional 15,912 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Nordson during the 2nd quarter worth approximately $127,230,000. Finally, Jennison Associates LLC increased its position in Nordson by 53.8% during the 1st quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock worth $103,261,000 after purchasing an additional 135,757 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Company Profile

(Get Free Report)

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency.

The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.

Founded in 1954, Nordson serves customers worldwide across industries including packaging, electronics, automotive, medical, and consumer products.

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Analyst Recommendations for Nordson (NASDAQ:NDSN)

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