Nordson (NDSN) – Research Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Nordson (NASDAQ: NDSN) in the last few weeks:

• 12/17/2024 – Nordson was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating.
• 12/13/2024 – Nordson had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $237.00 price target on the stock, down previously from $294.00.
• 12/13/2024 – Nordson was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating.
• 12/13/2024 – Nordson had its price target lowered by analysts at DA Davidson from $295.00 to $285.00. They now have a “buy” rating on the stock.

Nordson Trading Up 1.4 %

Shares of NDSN opened at $212.29 on Wednesday. The stock has a market capitalization of $12.10 billion, a PE ratio of 26.18, a P/E/G ratio of 1.70 and a beta of 0.90. The company’s fifty day moving average is $248.38 and its 200 day moving average is $245.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.41. Nordson Co. has a fifty-two week low of $207.15 and a fifty-two week high of $279.38.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.19. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $736.83 million. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.46 earnings per share. Sell-side analysts expect that Nordson Co. will post 10.34 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.12 annualized dividend and a yield of 1.47%. Nordson’s payout ratio is currently 38.47%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at approximately $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,629 shares of company stock valued at $914,400 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Nordson

Several institutional investors have recently added to or reduced their stakes in NDSN. Ashton Thomas Private Wealth LLC acquired a new stake in Nordson in the 2nd quarter worth approximately $27,000. Tortoise Investment Management LLC lifted its holdings in shares of Nordson by 70.7% during the second quarter. Tortoise Investment Management LLC now owns 140 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. boosted its holdings in shares of Nordson by 130.0% in the 3rd quarter. Blue Trust Inc. now owns 161 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 91 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Nordson during the 2nd quarter valued at about $46,000. Finally, UMB Bank n.a. lifted its holdings in Nordson by 2,387.5% in the second quarter. UMB Bank n.a. now owns 199 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.