Nordson Corporation (NASDAQ:NDSN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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.

Nordson Corporation (NASDAQ:NDSN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $255.75.

A number of research analysts have recently weighed in on NDSN shares. Wolfe Research started coverage on Nordson in a research report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Oppenheimer lifted their price objective on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday. Robert W. Baird lifted their price objective on Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, KeyCorp lifted their price objective on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in Nordson by 895.0% in the 4th quarter. NewEdge Advisors LLC now owns 5,582 shares of the industrial products company's stock worth $1,168,000 after purchasing an additional 5,021 shares in the last quarter. Marshall Wace LLP purchased a new position in Nordson in the 4th quarter worth approximately $372,000. Canada Pension Plan Investment Board lifted its holdings in Nordson by 443.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,255 shares of the industrial products company's stock worth $1,309,000 after purchasing an additional 5,103 shares in the last quarter. Forum Financial Management LP purchased a new position in Nordson in the 4th quarter worth approximately $204,000. Finally, First Trust Advisors LP lifted its holdings in Nordson by 676.5% in the 4th quarter. First Trust Advisors LP now owns 246,317 shares of the industrial products company's stock worth $51,539,000 after purchasing an additional 214,594 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Performance

Shares of Nordson stock traded up $0.56 during trading hours on Thursday, reaching $226.35. 607,286 shares of the stock traded hands, compared to its average volume of 411,825. The company has a 50 day moving average price of $217.03 and a 200 day moving average price of $206.86. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 1.71 and a beta of 0.89. Nordson has a one year low of $165.03 and a one year high of $266.86. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60.

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

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 18th. 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.