Wall Street Zen Downgrades Nordson (NASDAQ:NDSN) to Hold

Nordson (NASDAQ:NDSN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

A number of other research firms also recently weighed in on NDSN. DA Davidson restated a “buy” rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Oppenheimer raised their target price 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 boosted their target price on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Finally, Robert W. Baird upped their price target on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Down 2.0%

Shares of Nordson stock opened at $308.31 on Friday. Nordson has a one year low of $220.47 and a one year high of $339.12. The company has a market cap of $17.17 billion, a P/E ratio of 31.17, a PEG ratio of 2.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The firm has a fifty day moving average of $306.75 and a two-hundred day moving average of $290.33.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. The business had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts forecast that Nordson will post 11.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at $1,590,551.82. The trade was a 21.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jennifer McDonough sold 260 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was 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 owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nordson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia purchased a new stake in Nordson during the 2nd quarter worth $3,908,000. New York Life Investment Management LLC increased its holdings in Nordson by 64.9% in the 4th quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock valued at $2,895,000 after purchasing an additional 4,737 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Nordson in the fourth quarter valued at about $1,426,000. Reflection Asset Management acquired a new position in shares of Nordson during the fourth quarter worth about $1,460,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Nordson during the fourth quarter worth about $4,626,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

About Nordson

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.