Nordson's (NDSN) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Nordson's stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, with a consensus rating of "Moderate Buy" from various analysts.
• Oppenheimer recently increased their price target for Nordson from $260 to $275, highlighting positive sentiment from several firms regarding the company's future prospects.
• The company's recent quarterly earnings report exceeded expectations, with earnings per share of $2.73, compared to the consensus estimate of $2.63, along with a revenue increase of 12.1% year-over-year.

Nordson (NASDAQ:NDSN - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on the company. Oppenheimer upped their price objective on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Robert W. Baird upped their price objective on Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. KeyCorp upped 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. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Vertical Research assumed coverage on Nordson in a report on Tuesday, June 17th. They set a "hold" rating and a $245.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $255.75.

Nordson Stock Up 1.5%

NDSN stock opened at $234.32 on Wednesday. Nordson has a 1-year low of $165.03 and a 1-year high of $266.86. The business has a fifty day moving average price of $222.49 and a 200-day moving average price of $210.05. 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 has a market capitalization of $13.17 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.75 and a beta of 0.96.

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 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 analysts' expectations of $724.04 million. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. Nordson has set its FY 2025 guidance at 10.100- EPS. Equities analysts forecast that Nordson will post 10.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nordson

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Nordson in the first quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Nordson in the second quarter worth about $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Nordson in the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company's stock worth $32,000 after acquiring an additional 128 shares during the period. Finally, NewSquare Capital LLC boosted its stake in shares of Nordson by 212.0% in the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company's stock worth $33,000 after acquiring an additional 106 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.