Nordson (NASDAQ:NDSN) Reaches New 52-Week High – Here’s Why

Shares of Nordson Corporation (NASDAQ:NDSNGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $338.75 and last traded at $337.65, with a volume of 3852 shares traded. The stock had previously closed at $333.58.

Analysts Set New Price Targets

NDSN has been the subject of several recent analyst reports. Oppenheimer raised their price target on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Robert W. Baird upped their price objective on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Get Our Latest Report on Nordson

Nordson Stock Up 0.6%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The firm’s 50-day simple moving average is $300.48 and its two-hundred day simple moving average is $287.87.

Nordson (NASDAQ:NDSNGet Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts predict that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is presently 33.16%.

Institutional Trading of Nordson

A number of institutional investors have recently bought and sold shares of NDSN. XXEC Inc. acquired a new stake in Nordson in the second quarter valued at $896,378,000. California State Teachers Retirement System raised its stake in shares of Nordson by 26,611.5% during the 2nd quarter. California State Teachers Retirement System now owns 21,054,040 shares of the industrial products company’s stock worth $6,351,793,000 after buying an additional 20,975,220 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Nordson during the 2nd quarter worth $1,248,447,000. Norges Bank purchased a new stake in shares of Nordson in the 4th quarter worth about $191,654,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Nordson in the 2nd quarter worth about $127,230,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Company Profile

(Get Free Report)

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.

Further Reading

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