Nordson (NASDAQ:NDSN) Stock Price Breaks Above 200-Day Moving Average - What's Next?

Key Points

• Nordson shares broke above their 200-day moving average, reaching $329.18 and last trading at $326.87 versus the $296.18 long-term average.
• Analyst sentiment remains favorable, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $326.57; Oppenheimer recently raised its target to $370.
• Nordson exceeded quarterly expectations, reporting $3.25 in EPS and $817.67 million in revenue, while revenue grew 10.3% year over year. The company also increased its quarterly dividend to $0.94 per share, yielding about 1.2%.

Nordson Corporation (NASDAQ:NDSN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $296.18 and traded as high as $329.18. Nordson shares last traded at $326.87, with a volume of 401,185 shares changing hands.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of recent analyst reports. KeyCorp reiterated a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Oppenheimer upped their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Weiss Ratings upgraded shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 2nd. Finally, DA Davidson reissued a "buy" rating and issued a $345.00 price objective on shares of Nordson in a research report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $326.57.

Nordson Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $318.53 and a 200 day moving average price of $296.18. The stock has a market cap of $18.21 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The company had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same period in the prior year, the firm earned $2.73 earnings per share. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts forecast that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Nordson's previous quarterly dividend of $0.82. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson's dividend payout ratio is 38.02%.

Insiders Place Their Bets

In other news, EVP Jennifer L. Mcdonough sold 260 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the transaction, the executive vice president directly owned 6,346 shares of the company's stock, valued at approximately $2,132,256. The trade was a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president owned 4,758 shares of the company's stock, valued at $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,273 shares of company stock worth $743,247 over the last 90 days. Company insiders own 0.84% of the company's stock.

Hedge Funds Weigh In On Nordson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Financial Strategies Group LLC grew its position in Nordson by 4.1% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company's stock worth $312,000 after purchasing an additional 41 shares during the last quarter. Wealth Alliance LLC lifted its stake in shares of Nordson by 5.0% during the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company's stock worth $371,000 after buying an additional 66 shares during the period. Empirical Finance LLC lifted its stake in shares of Nordson by 5.2% during the second quarter. Empirical Finance LLC now owns 1,370 shares of the industrial products company's stock worth $413,000 after buying an additional 68 shares during the period. CENTRAL TRUST Co raised its stake in Nordson by 23.6% in the 1st quarter. CENTRAL TRUST Co now owns 377 shares of the industrial products company's stock worth $100,000 after acquiring an additional 72 shares during the last quarter. Finally, Patton Fund Management Inc. raised its stake in Nordson by 8.7% in the 1st quarter. Patton Fund Management Inc. now owns 1,003 shares of the industrial products company's stock worth $267,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Company Profile

Nordson Corporation is a global industrial technology company that designs, manufactures and markets precision systems used to dispense, apply, coat and manage materials. Its equipment serves manufacturers in industries such as packaging, product assembly, electronics, transportation, construction, and general industrial production.

The company's products include adhesive dispensing and application systems, coatings and sealant equipment, fluid-management components, precision metering systems, and inspection and control technologies.

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