Nordson (NDSN) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordson in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NDSN shares.
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4 analysts have issued 12 month target prices for Nordson's stock. Their NDSN share price forecasts range from $225.00 to $270.00. On average, they anticipate the company's stock price to reach $252.20 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price.
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Nordson's stock was trading at $237.72 at the beginning of the year. Since then, NDSN stock has decreased by 2.1% and is now trading at $232.76.
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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, beating analysts' consensus estimates 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 net margin of 19.75% and a trailing twelve-month return on equity of 22.40%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 EPS.

Nordson declared a quarterly dividend on Wednesday, May 10th. Shareholders 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 of this dividend 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 1.15%. 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 issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (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 variety of retail and institutional investors. Top institutional shareholders 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 $232.76.

Nordson (NASDAQ:NDSN) has a market capitalization of $13.26 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.