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

Key Points

• Wall Street Zen downgraded Nordson from “buy” to “hold,” though broader analyst sentiment remains favorable with a consensus “Moderate Buy” rating and an average price target of $326.57.
• Nordson reported strong quarterly results, posting $3.25 in EPS versus the $3.09 estimate and $817.67 million in revenue, up 10.3% year over year and above expectations.
• The stock opened at $314.47, near its 12-month high of $339.12; institutional investors own 72.11% of shares, while two executives recently sold stock worth a combined approximately $531,631.

Nordson (NASDAQ:NDSN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Weiss Ratings upgraded Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 2nd. DA Davidson restated a "buy" rating and issued a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a research note on Friday, August 21st. BNP Paribas Exane upped their price target on shares of Nordson from $285.00 to $290.00 and gave the company a "neutral" rating in a report on Friday, May 22nd. Finally, KeyCorp reissued a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $326.57.

Nordson Price Performance

NDSN opened at $314.47 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.04 and a beta of 0.97. The firm has a 50-day moving average price of $306.46 and a 200-day moving average price of $290.22. Nordson has a twelve month low of $220.47 and a twelve month high of $339.12.

Nordson (NASDAQ:NDSN - Get Free Report) last released its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The company had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the company posted $2.73 EPS. Nordson's revenue for the quarter 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 expect that Nordson will post 11.83 EPS for the current year.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer McDonough sold 260 shares of the business's stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president owned 4,758 shares of the company's stock, valued at $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nordson

A number of institutional investors have recently bought and sold shares of NDSN. Tidal Investments LLC boosted its position in Nordson by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 116,066 shares of the industrial products company's stock valued at $35,016,000 after acquiring an additional 1,065 shares in the last quarter. National Pension Service grew its stake in Nordson by 25.6% in the second quarter. National Pension Service now owns 10,383 shares of the industrial products company's stock worth $3,132,000 after purchasing an additional 2,113 shares during the period. NewEdge Advisors LLC grew its stake in Nordson by 8.8% in the second quarter. NewEdge Advisors LLC now owns 7,731 shares of the industrial products company's stock worth $2,332,000 after purchasing an additional 623 shares during the period. IFP Advisors Inc raised its holdings in Nordson by 14.0% in the second quarter. IFP Advisors Inc now owns 1,018 shares of the industrial products company's stock worth $307,000 after purchasing an additional 125 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Nordson by 4.5% in the second quarter. Baird Financial Group Inc. now owns 5,011 shares of the industrial products company's stock worth $1,512,000 after purchasing an additional 218 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

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.

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