Nordson (NASDAQ:NDSN) Rating Lowered to “Hold” at Wall Street Zen

Nordson (NASDAQ:NDSN) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

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

Nordson Stock Performance

Shares of Nordson stock opened at $309.86 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.26 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company has a 50 day moving average of $322.35 and a 200-day moving average of $296.24. Nordson has a 1-year low of $223.29 and a 1-year high of $339.12.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The business had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts forecast that Nordson will post 11.86 earnings per share for the current fiscal year.

Insider Activity at Nordson

In related news, EVP Jennifer McDonough sold 260 shares of Nordson stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the sale, the executive vice president directly owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. The trade was a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the company’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 transaction of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,273 shares of company stock valued at $743,247. 0.84% of the stock is owned by insiders.

Institutional Trading of Nordson

A number of hedge funds and other institutional investors have recently modified their holdings of NDSN. Aberdeen Group plc increased its position in Nordson by 1,453.0% during the 3rd quarter. Aberdeen Group plc now owns 161,027 shares of the industrial products company’s stock valued at $52,793,000 after purchasing an additional 150,658 shares during the period. Allworth Financial LP lifted its position in shares of Nordson by 1.4% in the 3rd quarter. Allworth Financial LP now owns 11,641 shares of the industrial products company’s stock worth $3,512,000 after purchasing an additional 166 shares during the period. Fisher Asset Management LLC acquired a new position in shares of Nordson in the 3rd quarter worth approximately $424,000. Eurizon Capital SGR S.p.A. lifted its position in shares of Nordson by 33.0% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 4,222 shares of the industrial products company’s stock worth $1,385,000 after purchasing an additional 1,048 shares during the period. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Nordson by 29.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 3,437 shares of the industrial products company’s stock valued at $1,127,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Company Profile

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency.

The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.

Founded in 1954, Nordson serves customers worldwide across industries including packaging, electronics, automotive, medical, and consumer products.