Nordson Corporation (NASDAQ:NDSN) Receives $254.86 Average Target Price from Analysts

Key Points

• Nordson Corporation received an average rating of "Moderate Buy" from ten brokerages, with five analysts rating it as a hold, four as a buy, and one as a strong buy.
• KeyCorp increased its price target on Nordson shares from $230 to $250, reflecting positive sentiment among analysts.
• The company's quarterly earnings surpassed estimates, with a reported EPS of $2.73, exceeding expectations by $0.10, alongside a revenue growth of 12.1% year-over-year.

Shares of Nordson Corporation (NASDAQ:NDSN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $255.8571.

Several equities research analysts recently weighed in on NDSN shares. Robert W. Baird boosted their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday. Oppenheimer upgraded Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research note on Friday, May 30th. Wolfe Research initiated coverage on Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, KeyCorp boosted their target price on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in Nordson during the first quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new position in Nordson during the second quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new position in Nordson during the second quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its holdings in Nordson by 640.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company's stock worth $32,000 after acquiring an additional 128 shares during the period. Finally, NewSquare Capital LLC grew its holdings in Nordson by 212.0% during the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company's stock worth $33,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Stock Up 3.3%

Shares of NDSN traded up $7.24 during midday trading on Thursday, hitting $227.17. The company had a trading volume of 650,933 shares, compared to its average volume of 379,143. The company's 50-day simple moving average is $216.63 and its 200-day simple moving average is $206.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.64 and a current ratio of 1.69. The firm has a market capitalization of $12.84 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.73 and a beta of 0.89. Nordson has a 1 year low of $165.03 and a 1 year high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.10. The firm had revenue of $741.51 million during the quarter, compared to analysts' expectations of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, sell-side analysts expect that Nordson will post 10.2 EPS for the current year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were issued a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. Nordson's payout ratio is presently 39.20%.

About Nordson

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.