Shares of Nordson Corporation (NASDAQ:NDSN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $326.57.
Several brokerages have issued reports on NDSN. Wall Street Zen downgraded shares of Nordson from a "buy" rating to a "hold" rating in a research report on Saturday, November 7th. DA Davidson reissued a "buy" rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Oppenheimer upped their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 21st. KeyCorp restated a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Finally, Robert W. Baird increased their target price on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a report on Friday, August 21st.
View Our Latest Analysis on NDSN
Insider Buying and Selling
In related news, EVP Jennifer McDonough sold 260 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the sale, the executive vice president owned 6,346 shares of the company's stock, valued at $2,132,256. The trade was a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the sale, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,273 shares of company stock valued at $743,247. Company insiders own 0.84% of the company's stock.
Hedge Funds Weigh In On Nordson
Several large investors have recently bought and sold shares of NDSN. XXEC Inc. bought a new position in shares of Nordson during the 2nd quarter worth approximately $896,378,000. BlackRock Inc. bought a new stake in Nordson during the 2nd quarter valued at $1,248,447,000. Bank of New York Mellon Corp bought a new position in Nordson in the 2nd quarter worth about $127,230,000. Caisse de depot et placement du Quebec bought a new stake in Nordson during the 2nd quarter worth approximately $95,993,000. Finally, Deutsche Bank AG purchased a new position in Nordson during the second quarter worth about $89,393,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Nordson Trading Down 0.6%
Shares of NASDAQ NDSN traded down $1.86 during trading on Friday, hitting $324.74. 196,801 shares of the company were exchanged, compared to its average volume of 357,856. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The company has a fifty day moving average price of $323.04 and a 200-day moving average price of $297.58. Nordson has a 12-month low of $223.29 and a 12-month high of $339.12. The firm has a market capitalization of $18.09 billion, a PE ratio of 32.84, a P/E/G ratio of 1.97 and a beta of 0.99.
Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly 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. The business had revenue of $817.67 million during 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 business's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts expect that Nordson will post 11.86 EPS for the current year.
Nordson Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Nordson's previous quarterly dividend of $0.82. Nordson's dividend payout ratio (DPR) is presently 38.02%.
Nordson Company Profile
(
Get Free Report)
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.
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