Nordson Corporation (NASDAQ:NDSN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Nordson Corporation (NASDAQ:NDSN) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $255.75.

Several research analysts recently weighed in on the company. Oppenheimer increased their price objective on Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating and issued a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. Vertical Research started coverage on Nordson in a research report on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price objective for the company. KeyCorp upped their price target on Nordson from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd.

Nordson Price Performance

Shares of Nordson stock opened at $225.67 on Thursday. The business has a 50 day simple moving average of $217.27 and a two-hundred day simple moving average of $206.99. Nordson has a 12 month low of $165.03 and a 12 month high of $266.86. The stock has a market capitalization of $12.68 billion, a P/E ratio of 28.35, a PEG ratio of 1.72 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.10. The business had revenue of $741.51 million during the quarter, compared to analysts’ expectations of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, analysts predict that Nordson will post 10.2 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, June 18th. Nordson’s dividend payout ratio is 39.20%.

Institutional Trading of Nordson

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Nordson in the first quarter valued at $28,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Nordson in the second quarter valued at $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Nordson in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 128 shares in the last quarter. Finally, NewSquare Capital LLC raised its stake in shares of Nordson by 212.0% in the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 106 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

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.