Nordson (NASDAQ:NDSN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Nordson (NASDAQ:NDSN) from a buy rating to a hold rating in a research report report published on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. Robert W. Baird lifted their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Oppenheimer boosted their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Finally, KeyCorp reissued a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Five equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Performance

Shares of NDSN stock opened at $309.25 on Friday. The stock has a market capitalization of $17.23 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.00 and a beta of 0.97. Nordson has a one year low of $220.47 and a one year high of $339.12. The company’s 50-day simple moving average is $307.22 and its 200-day simple moving average is $290.46. 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 (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $779.49 million. During the same period in the previous year, the company earned $2.73 earnings per share. Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts anticipate that Nordson will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently announced 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 represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. Nordson’s dividend payout ratio is currently 38.02%.

Insider Buying and Selling

In related news, EVP Daniel Hopgood sold 1,329 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer McDonough sold 260 shares of the business’s stock in a transaction that occurred on 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 owned 6,346 shares of the company’s stock, valued at $2,132,256. This represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nordson

Several institutional investors have recently modified their holdings of the company. XXEC Inc. bought a new stake in Nordson in the 2nd quarter valued at about $896,378,000. BlackRock Inc. acquired a new stake in shares of Nordson in the second quarter valued at approximately $1,248,447,000. Goldman Sachs Group Inc. increased its stake in shares of Nordson by 12.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 851,679 shares of the industrial products company’s stock valued at $204,769,000 after purchasing an additional 97,416 shares during the period. Norges Bank bought a new stake in shares of Nordson during the fourth quarter valued at approximately $191,654,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Nordson by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock valued at $120,752,000 after buying an additional 15,912 shares during the last quarter. Institutional investors 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.