Nordson (NASDAQ:NDSN – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
Several other equities analysts have also issued reports on NDSN. Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. BNP Paribas Exane raised their price objective on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Oppenheimer upped their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Finally, Robert W. Baird increased their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.57.
Get Our Latest Research Report on Nordson
Nordson Stock Performance
Nordson (NASDAQ:NDSN – Get Free Report) last announced its quarterly earnings data 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. Nordson had a return on equity of 20.49% and a net margin of 18.63%.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 business earned $2.73 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts predict that Nordson will post 11.83 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Daniel Hopgood sold 1,329 shares of the firm’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 transaction, the executive vice president directly owned 4,758 shares in the company, valued at $1,590,551.82. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jennifer McDonough sold 260 shares of Nordson stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares of the company’s stock, valued at $2,132,256. The trade was a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Nordson
Several institutional investors have recently made changes to their positions in NDSN. Clearstead Trust LLC bought a new stake in Nordson during the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. bought a new position in Nordson in the second quarter worth approximately $30,000. CYBER HORNET ETFs LLC bought a new position in Nordson in the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Nordson during the 2nd quarter worth $33,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Nordson during the 2nd quarter valued at $34,000. Institutional investors own 72.11% of the company’s stock.
About Nordson
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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