Nordson (NASDAQ:NDSN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nordson (NASDAQ:NDSN) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other research firms have also recently weighed in on NDSN. KeyCorp restated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Robert W. Baird increased their price objective on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Oppenheimer raised their target price on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. Finally, DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Trading Up 1.7%

NASDAQ NDSN opened at $331.33 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. Nordson has a 52 week low of $223.29 and a 52 week high of $339.12. The stock has a market capitalization of $18.46 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. The firm has a 50 day moving average of $312.87 and a two-hundred day moving average of $292.68.

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

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be given a $0.94 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s payout ratio is currently 38.02%.

Insiders Place Their Bets

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at $1,590,551.82. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer McDonough sold 260 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares of the company’s stock, valued at $2,132,256. The trade was a 3.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,273 shares of company stock valued at $743,247 over the last quarter. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NDSN. XXEC Inc. purchased a new stake in shares of Nordson in the second quarter valued at about $896,378,000. BlackRock Inc. purchased a new position in shares of Nordson during the second quarter worth about $1,248,447,000. Norges Bank purchased a new position in shares of Nordson during the fourth quarter worth about $191,654,000. Bank of New York Mellon Corp acquired a new position in Nordson in the 2nd quarter valued at about $127,230,000. Finally, Caisse de depot et placement du Quebec acquired a new position in Nordson in the 2nd quarter valued at about $95,993,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Company Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.