Nordson (NASDAQ:NDSN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Nordson (NASDAQ:NDSN) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

NDSN has been the subject of several other research reports. Oppenheimer raised their price objective on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. BNP Paribas Exane increased their price target on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. KeyCorp restated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Finally, Robert W. Baird upped their price objective on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Up 0.3%

Shares of Nordson stock opened at $318.36 on Friday. The firm has a market cap of $17.73 billion, a PE ratio of 32.19, a P/E/G ratio of 2.07 and a beta of 0.97. The business’s 50 day simple moving average is $304.64 and its 200 day simple moving average is $289.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. Nordson has a 52-week low of $220.47 and a 52-week high of $339.12.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results 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. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The firm had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. During the same quarter in the prior year, the firm posted $2.73 EPS. The business’s 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, analysts predict that Nordson will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.94 per share. This is a boost from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 10th. Nordson’s dividend payout ratio is presently 33.16%.

Insider Activity at Nordson

In related news, EVP Jennifer L. 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 value of $87,360.00. Following the transaction, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Trust LLC acquired a new stake in shares of Nordson in the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new stake in Nordson during the second quarter worth approximately $30,000. CYBER HORNET ETFs LLC acquired a new stake in Nordson during the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC bought a new position in Nordson during the 2nd quarter worth $33,000. Finally, MUFG Securities EMEA plc acquired a new position in Nordson in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

About Nordson

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.