Nordson (NASDAQ:NDSN) Upgraded 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 published on Saturday,Wall Street Zen reports.

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

Nordson Price Performance

Shares of Nordson stock opened at $318.36 on Friday. Nordson has a one year low of $220.47 and a one year high of $339.12. The stock’s fifty day moving average is $304.97 and its 200 day moving average is $289.67. The stock has a market cap of $17.73 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.07 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.

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

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. Nordson’s payout ratio is currently 33.16%.

Insider Buying and Selling at Nordson

In other news, EVP Daniel Hopgood sold 1,329 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president directly owned 4,758 shares in the company, 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 at the SEC website. Also, EVP Jennifer 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 transaction of $87,360.00. Following 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 SEC filing for this sale provides additional information. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sound Financial Strategies Group LLC raised its holdings in Nordson by 4.1% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company’s stock valued at $312,000 after buying an additional 41 shares during the period. Syon Capital LLC increased its position in Nordson by 4.0% during the fourth quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 41 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Nordson by 43.4% in the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 46 shares during the period. Norinchukin Bank The lifted its holdings in shares of Nordson by 1.9% in the 3rd quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock worth $700,000 after acquiring an additional 57 shares during the last quarter. Finally, Wealth Alliance LLC lifted its holdings in shares of Nordson by 5.0% in the 1st quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors 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.