Nordson (NASDAQ:NDSN) Stock Rating Upgraded by Wall Street Zen

Nordson (NASDAQ:NDSN) was upgraded by stock 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 also recently weighed in on the company. KeyCorp restated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. Oppenheimer increased their price objective on shares of Nordson from $335.00 to $370.00 and gave the company 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 research note on Wednesday, September 2nd. Finally, Robert W. Baird lifted their target price on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.57.

Nordson Price Performance

Shares of Nordson stock opened at $325.77 on Friday. Nordson has a 1 year low of $222.13 and a 1 year high of $339.12. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.12 and a beta of 0.97. The company has a 50-day moving average of $311.95 and a 200 day moving average of $292.27. 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 (NASDAQ:NDSN) last issued its quarterly earnings results 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 firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. During the same period in the previous year, the firm posted $2.73 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts anticipate that Nordson will post 11.83 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph M. Rutledge sold 684 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total value of $211,615.92. Following the completion of the transaction, the chief accounting officer directly owned 2,134 shares of the company’s stock, valued at approximately $660,216.92. This trade represents a 24.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,273 shares of company stock valued at $743,247 over the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Nordson

A number of institutional investors have recently made changes to their positions in the stock. Sound Financial Strategies Group LLC raised its stake in shares of Nordson by 4.1% in the second quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company’s stock worth $312,000 after buying an additional 41 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Nordson by 43.4% in the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 46 shares during the period. Wealth Alliance LLC increased 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 worth $371,000 after purchasing an additional 66 shares in the last quarter. Empirical Finance LLC increased 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 worth $413,000 after purchasing an additional 68 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Nordson by 23.6% during the 1st quarter. CENTRAL TRUST Co now owns 377 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Company Profile

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.