Nordson (NDSN) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordson in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NDSN shares.
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3 Wall Street analysts have issued 1 year target prices for Nordson's stock. Their NDSN share price forecasts range from $225.00 to $270.00. On average, they expect the company's stock price to reach $252.75 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for NDSN or view top-rated stocks among Wall Street analysts.

Nordson's stock was trading at $237.72 on January 1st, 2023. Since then, NDSN stock has decreased by 2.3% and is now trading at $232.15.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 28th 2023.
View our NDSN earnings forecast.

Nordson Co. (NASDAQ:NDSN) released its earnings results on Tuesday, May, 23rd. The industrial products company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.14. The industrial products company earned $650.17 million during the quarter, compared to analyst estimates of $638.87 million. Nordson had a trailing twelve-month return on equity of 22.40% and a net margin of 19.75%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS.

Nordson declared a quarterly dividend on Wednesday, May 10th. Investors of record on Tuesday, May 23rd will be given a dividend of $0.65 per share on Tuesday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, May 22nd.
Read our dividend analysis for NDSN.

ETFs with the largest weight of Nordson (NASDAQ:NDSN) stock in their portfolio include Hennessy Stance ESG Large Cap ETF (STNC), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Siren DIVCON Leaders Dividend ETF (LEAD), American Century Low Volatility ETF (LVOL), ProShares Russell US Dividend Growers ETF (TMDV), ProShares S&P 500 Aristocrats ETF (NOBL), ROBO Global Robotics & Automation ETF (ROBO) and Invesco S&P 500 Equal Weight Industrials ETF (RGI).

Nordson (NASDAQ:NDSN) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.11%. The company has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NDSN will have a dividend payout ratio of 26.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NDSN.

Nordson updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $8.90-$9.30 for the period, compared to the consensus earnings per share estimate of $9.02. The company issued revenue guidance of $2.59 billion-$2.67 billion, compared to the consensus revenue estimate of $2.64 billion.

18 employees have rated Nordson Chief Executive Officer Sundaram Nagarajan on Glassdoor.com. Sundaram Nagarajan has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordson investors own include NVIDIA (NVDA), Ballard Power Systems (BLDP), Cedar Fair (FUN), Home Depot (HD), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Sherwin-Williams (SHW), Alaska Air Group (ALK), Applied Materials (AMAT) and Activision Blizzard (ATVI).

Nordson trades on the NASDAQ under the ticker symbol "NDSN."

Nordson's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.60%), State Street Corp (4.28%), Kayne Anderson Rudnick Investment Management LLC (3.66%), Geode Capital Management LLC (2.33%), Wellington Management Group LLP (1.91%) and Champlain Investment Partners LLC (1.71%). Insiders that own company stock include Gina A Beredo, Gregory P Merk, Gregory P Merk, James E Devries, Jeffrey A Pembroke, Joseph P Kelley, Mary G Puma, Shelly Peet and Srinivas Subramanian.
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Shares of NDSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NDSN stock can currently be purchased for approximately $232.15.

Nordson (NASDAQ:NDSN) has a market capitalization of $13.23 billion and generates $2.59 billion in revenue each year. The industrial products company earns $513.10 million in net income (profit) each year or $8.91 on an earnings per share basis.

The company employs 7,331 workers across the globe.

Nordson's mailing address is 28601 CLEMENS RD, WESTLAKE OH, 44145. The official website for the company is www.nordson.com. The industrial products company can be reached via phone at (440) 892-1580, via email at jim.jaye@nordson.com, or via fax at 440-892-9507.