Nordson (NASDAQ:NDSN) Upgraded at Wall Street Zen

Key Points

• Nordson has been upgraded to a "Buy" rating by analysts at Wall Street Zen, reflecting growing confidence in the company's stock.
• Several analysts have recently adjusted their price targets for Nordson, with Oppenheimer setting the highest at $260.00 following an upgrade to "outperform."
• Nordson's recent earnings report showed an earnings per share (EPS) of $2.73, exceeding estimates and demonstrating a 12.1% revenue increase year-over-year.

Nordson (NASDAQ:NDSN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other equities analysts have also issued reports about the company. Robert W. Baird upped their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. KeyCorp increased 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. Oppenheimer upgraded Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective for the company in a report on Friday, May 30th. Wolfe Research began coverage on Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating for the company. Finally, Vertical Research began coverage on Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Nordson presently has an average rating of "Moderate Buy" and a consensus target price of $255.75.

Nordson Trading Down 0.7%

Shares of Nordson stock traded down $1.67 during midday trading on Friday, reaching $224.00. The company had a trading volume of 30,276 shares, compared to its average volume of 381,139. The firm has a market cap of $12.59 billion, a PE ratio of 28.14, a P/E/G ratio of 1.72 and a beta of 0.89. The stock has a fifty day moving average price of $217.27 and a 200 day moving average price of $206.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11. Nordson has a fifty-two week low of $165.03 and a fifty-two week high of $266.86.

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

Institutional Trading of Nordson

Several institutional investors have recently made changes to their positions in NDSN. Quarry LP purchased a new stake in shares of Nordson during the 1st quarter valued at approximately $28,000. Trust Co. of Toledo NA OH acquired a new stake in Nordson in the 2nd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC acquired a new stake in Nordson in the 2nd quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd increased its holdings in Nordson by 640.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Finally, NewSquare Capital LLC increased its holdings in Nordson by 212.0% in the 2nd quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

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.