Wall Street Zen upgraded shares of Nordson (NASDAQ:NDSN – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Other research analysts also recently issued research reports about the stock. KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Oppenheimer lifted 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 boosted their target price 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $326.57.
Check Out Our Latest Report on NDSN
Nordson Trading Up 0.8%
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping 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 company had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. During the same period in the previous year, the firm earned $2.73 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts forecast that Nordson will post 11.83 earnings per share for the current year.
Nordson Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be paid a $0.94 dividend. The ex-dividend date is Thursday, September 10th. This represents a $3.76 annualized dividend 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 Activity at Nordson
In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction that occurred 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 owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph M. Rutledge sold 684 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total value of $211,615.92. Following the completion of the sale, the chief accounting officer directly owned 2,134 shares of the company’s stock, valued at $660,216.92. This trade represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,273 shares of company stock valued at $743,247 in the last three months. Corporate insiders own 0.84% of the company’s stock.
Hedge Funds Weigh In On Nordson
A number of large investors have recently modified their holdings of the company. Sound Financial Strategies Group LLC increased its stake in Nordson by 4.1% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 41 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Nordson by 43.4% during the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after buying an additional 46 shares during the last quarter. Wealth Alliance LLC lifted its stake in shares of Nordson by 5.0% in the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock valued at $371,000 after buying an additional 66 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Nordson by 5.2% in the second quarter. Empirical Finance LLC now owns 1,370 shares of the industrial products company’s stock valued at $413,000 after buying an additional 68 shares in the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Nordson by 23.6% during the first quarter. CENTRAL TRUST Co now owns 377 shares of the industrial products company’s stock valued at $100,000 after buying an additional 72 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.
About Nordson
Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.
Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.
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