Nordson (NASDAQ:NDSN) Price Target Raised to $351.00 at Robert W. Baird

Nordson (NASDAQ:NDSN) had its target price hoisted by equities research analysts at Robert W. Baird from $328.00 to $351.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 4.87% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. BNP Paribas Exane boosted their price objective on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and set a $345.00 price objective on shares of Nordson in a report on Thursday. Finally, Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.57.

Nordson Trading Up 8.0%

NASDAQ:NDSN opened at $334.70 on Friday. Nordson has a 12 month low of $219.60 and a 12 month high of $336.70. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $297.95 and its 200 day moving average is $286.75. The stock has a market capitalization of $18.65 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

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 20.74% and a net margin of 18.63%.The business had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same period in the prior year, the company earned $2.73 earnings per share. Nordson’s revenue was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts expect that Nordson will post 11.59 earnings per share for the current year.

Hedge Funds Weigh In On Nordson

Several hedge funds have recently made changes to their positions in the stock. XXEC Inc. purchased a new stake in Nordson during the 2nd quarter worth about $896,378,000. Vanguard Group Inc. grew its holdings in Nordson by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock valued at $1,504,515,000 after buying an additional 186,480 shares in the last quarter. BlackRock Inc. purchased a new position in Nordson during the 2nd quarter valued at about $1,248,447,000. State Street Corp increased its position in shares of Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after buying an additional 133,229 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Nordson by 6.2% in the fourth quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company’s stock worth $380,514,000 after buying an additional 92,970 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Company Profile

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.