Oppenheimer Increases Nordson (NASDAQ:NDSN) Price Target to $275.00

Key Points

• Oppenheimer has raised its price target for Nordson (NASDAQ:NDSN) from $260.00 to $275.00, indicating a potential upside of 21.99% from the current stock price.
• The stock currently holds a Moderate Buy consensus rating, with recent upgrades and varying price targets from several research firms.
• In its latest earnings report, Nordson reported an EPS of $2.73, surpassing analysts' expectations, along with a year-over-year revenue increase of 12.1%.

Nordson (NASDAQ:NDSN - Free Report) had its price target lifted by Oppenheimer from $260.00 to $275.00 in a report published on Monday, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the industrial products company's stock.

Several other research firms have also weighed in on NDSN. Robert W. Baird raised their price objective on Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Wolfe Research started coverage on Nordson in a research note on Wednesday, June 18th. They issued a "peer perform" rating on the stock. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Vertical Research started coverage on Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective on the stock. Finally, KeyCorp raised their price objective on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $255.75.

Nordson Price Performance

Shares of NASDAQ NDSN traded up $0.42 during mid-day trading on Monday, reaching $225.09. The company had a trading volume of 282,203 shares, compared to its average volume of 398,565. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69. Nordson has a one year low of $165.03 and a one year high of $266.86. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.70 and a beta of 0.89. The business's 50-day simple moving average is $217.80 and its 200 day simple moving average is $207.10.

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, topping analysts' consensus estimates of $2.63 by $0.10. The company had revenue of $741.51 million for the quarter, compared to analysts' expectations of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.Nordson's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, research analysts predict that Nordson will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Nordson's previous quarterly dividend of $0.78. The ex-dividend date is Thursday, September 11th. Nordson's dividend payout ratio is 39.20%.

Hedge Funds Weigh In On Nordson

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Nordson during the first quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in Nordson in the second quarter worth approximately $31,000. CYBER HORNET ETFs LLC bought a new stake in Nordson in the second quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 purchasing an additional 128 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in 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 purchasing an additional 106 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

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.