Nordson Corporation (NASDAQ:NDSN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $326.57.
Several equities research analysts have commented on NDSN shares. Oppenheimer boosted their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. DA Davidson reiterated a “buy” rating and issued a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research note on Thursday, August 20th.
View Our Latest Report on NDSN
Insider Buying and Selling at Nordson
In other Nordson news, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction dated Tuesday, September 15th. The shares were 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 in the company, valued at approximately $660,216.92. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jennifer McDonough sold 260 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares in the company, valued at $2,132,256. This trade represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. XXEC Inc. acquired a new stake in Nordson in the 2nd quarter worth about $896,378,000. BlackRock Inc. acquired a new position in shares of Nordson during the 2nd quarter valued at about $1,248,447,000. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 15,912 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Nordson during the 2nd quarter worth about $127,230,000. Finally, Jennison Associates LLC lifted its holdings in shares of 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 acquiring an additional 135,757 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Nordson Stock Up 0.5%
NDSN opened at $323.88 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. Nordson has a 12 month low of $223.29 and a 12 month high of $339.12. The stock has a market capitalization of $18.04 billion, a P/E ratio of 32.75, a P/E/G ratio of 2.09 and a beta of 0.99. The business has a 50 day simple moving average of $321.42 and a 200-day simple moving average of $299.26.
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 for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. The firm had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts anticipate that Nordson will post 11.86 earnings per share for the current fiscal year.
Nordson Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio is currently 38.02%.
Nordson Company Profile
Nordson Corporation (NASDAQ: NDSN) is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.
Nordson’s products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.
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