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

Key Points

• Nordson Corporation has received a consensus rating of "Moderate Buy" from eleven brokerages, with an average 1-year target price of $255.75.
• The company reported a 12.1% increase in quarterly revenue year-over-year, with earnings per share of $2.73, surpassing analysts' expectations.
• Nordson announced a quarterly dividend increase from $0.78 to $0.82, which reflects a 1.5% dividend yield for stockholders.

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

A number of brokerages have commented on NDSN. Oppenheimer increased their price target on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. KeyCorp increased their price target on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Vertical Research started coverage on shares of Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in shares of Nordson by 18.0% in the second quarter. Osaic Holdings Inc. now owns 15,244 shares of the industrial products company's stock worth $3,263,000 after purchasing an additional 2,330 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Nordson by 26.8% in the second quarter. Orion Porfolio Solutions LLC now owns 16,045 shares of the industrial products company's stock worth $3,440,000 after acquiring an additional 3,391 shares during the period. Thrivent Financial for Lutherans lifted its stake in Nordson by 15.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,446 shares of the industrial products company's stock worth $524,000 after acquiring an additional 320 shares during the period. Advisory Services Network LLC lifted its stake in Nordson by 6.1% in the second quarter. Advisory Services Network LLC now owns 12,620 shares of the industrial products company's stock worth $2,703,000 after acquiring an additional 729 shares during the period. Finally, State of Wyoming purchased a new stake in Nordson in the second quarter worth $73,000. Institutional investors own 72.11% of the company's stock.

Nordson Stock Down 2.1%

Shares of NASDAQ NDSN opened at $223.17 on Monday. Nordson has a one year low of $165.03 and a one year high of $266.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. The firm's 50 day simple moving average is $219.23 and its two-hundred day simple moving average is $207.62. The stock has a market capitalization of $12.54 billion, a P/E ratio of 28.04, a PEG ratio of 1.69 and a beta of 0.94.

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

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.82 dividend. This is a positive change from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, September 11th. Nordson's dividend payout ratio (DPR) is 41.21%.

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.

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