Nordson Corporation (NASDAQ:NDSN) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Nordson Corporation (NASDAQ:NDSN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $326.57.

Several brokerages have commented on NDSN. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Robert W. Baird raised their price objective on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. DA Davidson reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. Oppenheimer boosted their target price on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Finally, Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd.

Insider Buying and Selling at Nordson

In other news, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Joseph M. Rutledge sold 684 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the sale, the chief accounting officer directly owned 2,134 shares of the company’s stock, valued at $660,216.92. The trade was a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,273 shares of company stock valued at $743,247 over the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Nordson

Several hedge funds and other institutional investors have recently made changes to their positions in NDSN. CWA Asset Management Group LLC increased its holdings in Nordson by 8.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 11,869 shares of the industrial products company’s stock valued at $3,891,000 after purchasing an additional 905 shares in the last quarter. Novem Group raised its position in Nordson by 2.3% in the third quarter. Novem Group now owns 4,051 shares of the industrial products company’s stock valued at $1,328,000 after purchasing an additional 92 shares during the period. USA Financial Formulas purchased a new position in Nordson in the third quarter valued at about $690,000. CWS Financial Advisors LLC raised its position in Nordson by 37.5% in the third quarter. CWS Financial Advisors LLC now owns 1,189 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 324 shares during the period. Finally, Pension & Wealth Management Advisors Inc. acquired a new position in shares of Nordson during the third quarter worth about $33,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Up 0.5%

Shares of NASDAQ NDSN opened at $323.88 on Tuesday. Nordson has a 52-week low of $223.29 and a 52-week high of $339.12. The firm has a fifty day moving average of $321.42 and a 200-day moving average of $299.26. The stock has a market capitalization of $18.04 billion, a PE ratio of 32.75, a P/E/G ratio of 2.09 and a beta of 0.99. 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 (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 20.49% and a net margin of 18.63%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts anticipate that Nordson will post 11.86 EPS for the current year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were issued a $0.94 dividend. The ex-dividend date 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 payout ratio is 38.02%.

About Nordson

Nordson Corporation (NASDAQ: NDSN) is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson’s products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.