DA Davidson Raises Nordson (NASDAQ:NDSN) Price Target to $345.00

Nordson (NASDAQ:NDSN) had its target price upped by equities research analysts at DA Davidson from $335.00 to $345.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price target would indicate a potential upside of 20.82% from the stock’s previous close.

NDSN has been the subject of a number of other reports. Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. BNP Paribas Exane boosted their price target on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating and issued a $300.00 price objective on shares of Nordson in a report on Monday, February 23rd. KeyCorp lifted their target price on shares of Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $309.86.

Nordson Stock Down 0.8%

Shares of Nordson stock traded down $2.28 on Wednesday, hitting $285.55. 47,603 shares of the company traded hands, compared to its average volume of 390,692. The company has a 50-day moving average price of $275.82 and a 200 day moving average price of $265.22. The company has a quick ratio of 1.65, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. Nordson has a 12-month low of $195.29 and a 12-month high of $305.28. The company has a market cap of $15.93 billion, a PE ratio of 30.44, a PEG ratio of 1.94 and a beta of 0.99.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.04. The business had revenue of $740.85 million during the quarter, compared to analyst estimates of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.Nordson’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Sell-side analysts predict that Nordson will post 11.51 earnings per share for the current year.

Insider Buying and Selling

In other Nordson news, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $280.00, for a total transaction of $868,000.00. Following the transaction, the executive vice president owned 6,407 shares in the company, valued at $1,793,960. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Hall sold 716 shares of Nordson stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the transaction, the executive vice president directly owned 1,515 shares in the company, valued at approximately $417,867.30. This represents a 32.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in Nordson by 314.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock worth $2,335,000 after acquiring an additional 8,268 shares during the period. Marshall Wace LLP acquired a new stake in shares of Nordson in the second quarter valued at about $8,594,000. Cerity Partners LLC increased its stake in shares of Nordson by 23.6% in the second quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock worth $3,027,000 after purchasing an additional 2,692 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Nordson by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock worth $2,221,000 after purchasing an additional 244 shares during the last quarter. Finally, State Street Corp boosted its stake in Nordson by 4.7% during the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after purchasing an additional 133,229 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

About Nordson

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.