Nordson (NASDAQ:NDSN) Rating Increased to Buy 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.

Several other analysts also recently weighed in on NDSN. Oppenheimer raised shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Friday, May 30th. KeyCorp boosted their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. 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. Wolfe Research began coverage on Nordson in a report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Finally, Robert W. Baird lifted their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $255.75.

Nordson Stock Up 0.2%

Shares of NDSN traded up $0.56 during mid-day trading on Friday, hitting $226.35. The company's stock had a trading volume of 607,286 shares, compared to its average volume of 384,207. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The company's 50-day moving average is $216.78 and its 200-day moving average is $206.73. Nordson has a 52-week low of $165.03 and a 52-week high of $266.86. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.73 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 EPS 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 analyst estimates of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The business's revenue for the quarter 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 forecast that Nordson will post 10.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NDSN. Norges Bank acquired a new stake in shares of Nordson in the 2nd quarter worth $139,218,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Nordson by 156.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company's stock valued at $205,685,000 after purchasing an additional 621,734 shares during the period. Confluence Investment Management LLC increased its position in Nordson by 118.5% during the second quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company's stock worth $72,048,000 after purchasing an additional 182,305 shares during the last quarter. Nuveen LLC purchased a new position in Nordson during the first quarter worth about $29,125,000. Finally, Invesco Ltd. boosted its holdings in Nordson by 15.9% in the 1st quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company's stock valued at $210,536,000 after purchasing an additional 142,991 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Nordson Company Profile

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.