Nordson Corporation (NASDAQ:NDSN) Given Consensus Rating of "Moderate Buy" by 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.

Shares of Nordson Corporation (NASDAQ:NDSN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $255.75.

NDSN has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Vertical Research initiated coverage on shares of Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price on the stock. Jefferies Financial Group restated a "hold" rating and issued a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. KeyCorp boosted their target price on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Oppenheimer boosted their target price on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, August 25th.

Nordson Stock Performance

NDSN stock traded down $1.88 on Monday, reaching $225.76. 67,866 shares of the company were exchanged, compared to its average volume of 373,235. Nordson has a 12 month low of $165.03 and a 12 month 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 stock's fifty day moving average price is $219.59 and its 200 day moving average price is $208.11. The firm has a market capitalization of $12.68 billion, a PE ratio of 28.33, a PEG ratio of 1.70 and a beta of 0.94.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, topping 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 firm had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. During the same quarter in the previous year, the company earned $2.41 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, research analysts anticipate that Nordson will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Nordson's dividend payout ratio (DPR) is presently 41.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NDSN. Quarry LP bought a new position in shares of Nordson in the first quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new stake in Nordson during the 2nd quarter worth about $31,000. CYBER HORNET ETFs LLC bought a new stake in Nordson during the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd raised its holdings in Nordson by 640.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company's stock worth $32,000 after purchasing an additional 128 shares during the last quarter. Finally, NewSquare Capital LLC raised its holdings in Nordson by 212.0% during the 2nd quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company's stock worth $33,000 after purchasing an additional 106 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

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.