Nordson (NASDAQ:NDSN) Upgraded at KeyCorp

KeyCorp upgraded shares of Nordson (NASDAQ:NDSN) from a sector weight rating to an overweight rating in a research note published on Tuesday, MarketBeat reports. The brokerage currently has $260.00 target price on the industrial products company’s stock. KeyCorp also issued estimates for Nordson’s Q2 2025 earnings at $2.38 EPS, Q3 2025 earnings at $2.53 EPS, Q4 2025 earnings at $2.92 EPS, FY2025 earnings at $9.90 EPS and FY2026 earnings at $10.60 EPS.

NDSN has been the subject of several other reports. Robert W. Baird restated a “neutral” rating and set a $237.00 target price (down from $294.00) on shares of Nordson in a report on Friday, December 13th. DA Davidson dropped their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Baird R W cut Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. BNP Paribas lowered Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research note on Monday, February 24th. Finally, Seaport Res Ptn upgraded shares of Nordson from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Nordson Stock Up 0.5 %

Shares of NASDAQ:NDSN opened at $211.54 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $213.23 and its 200-day simple moving average is $237.42. Nordson has a fifty-two week low of $196.83 and a fifty-two week high of $279.38. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million during the quarter, compared to analyst estimates of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. As a group, equities research analysts predict that Nordson will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.47%. Nordson’s payout ratio is 39.69%.

Insider Activity

In related news, EVP Stephen Lovass sold 1,299 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total transaction of $268,620.21. Following the completion of the transaction, the executive vice president now owns 7,347 shares of the company’s stock, valued at approximately $1,519,286.13. This represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Nordson

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Nordson by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company’s stock worth $1,302,887,000 after acquiring an additional 93,146 shares during the last quarter. State Street Corp raised its holdings in Nordson by 7.2% in the third quarter. State Street Corp now owns 2,638,375 shares of the industrial products company’s stock valued at $692,916,000 after buying an additional 177,282 shares during the period. Lazard Asset Management LLC lifted its position in Nordson by 3.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company’s stock valued at $326,803,000 after buying an additional 47,052 shares in the last quarter. Geode Capital Management LLC grew its stake in Nordson by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company’s stock worth $303,918,000 after buying an additional 12,590 shares during the period. Finally, Champlain Investment Partners LLC increased its position in shares of Nordson by 2.9% in the fourth quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company’s stock worth $180,036,000 after acquiring an additional 24,030 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.