Nordson (NASDAQ:NDSN) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Nordson (NASDAQ:NDSN) from a buy rating to a hold rating in a research report released on Sunday morning,Wall Street Zen reports.

A number of other brokerages also recently commented on NDSN. Oppenheimer increased their price target on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. BNP Paribas Exane boosted their price objective on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Robert W. Baird raised their price objective on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note 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. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Performance

NDSN stock opened at $314.47 on Friday. The firm has a fifty day moving average price of $306.46 and a 200 day moving average price of $290.23. Nordson has a fifty-two week low of $220.47 and a fifty-two week high of $339.12. The firm has a market cap of $17.52 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82.

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

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be paid a $0.94 dividend. The ex-dividend date is Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. Nordson’s payout ratio is 38.02%.

Insider Buying and Selling at Nordson

In other news, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the transaction, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $336.00, for a total transaction of $87,360.00. Following the completion of the transaction, the executive vice president directly owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nordson

A number of hedge funds have recently added to or reduced their stakes in NDSN. Clearstead Trust LLC bought a new stake in shares of Nordson during the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. bought a new position in Nordson in the second quarter worth approximately $30,000. CYBER HORNET ETFs LLC bought a new position in Nordson in the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in Nordson during the 2nd quarter worth $33,000. Finally, MUFG Securities EMEA plc purchased a new position in Nordson during the 2nd quarter worth $34,000. 72.11% of the stock is currently owned by 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.