Nordson (NASDAQ:NDSN) Upgraded to “Buy” at Wall Street Zen

Nordson (NASDAQ:NDSN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

NDSN has been the subject of a number of other research reports. KeyCorp lifted their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Oppenheimer raised shares of Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Friday, May 30th. Vertical Research started coverage on shares of Nordson in a research report on Tuesday, June 17th. They issued a “hold” rating and a $245.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Nordson from $245.00 to $252.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wolfe Research initiated coverage on shares of Nordson in a research report on Wednesday, June 18th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $255.86.

Nordson Stock Performance

Shares of NASDAQ NDSN opened at $227.17 on Friday. The firm has a fifty day moving average price of $216.63 and a 200-day moving average price of $206.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.64. The stock has a market cap of $12.84 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89. Nordson has a 1 year low of $165.03 and a 1 year high of $266.86.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.10. The company had revenue of $741.51 million during the quarter, compared to analysts’ expectations of $724.04 million. Nordson had a net margin of 16.34% and a return on equity of 19.45%. Nordson’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. Equities analysts anticipate that Nordson will post 10.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NDSN. Quarry LP acquired a new position in Nordson in the first quarter valued at about $28,000. Trust Co. of Toledo NA OH acquired a new stake in Nordson in the second quarter valued at approximately $31,000. CYBER HORNET ETFs LLC acquired a new stake in Nordson in the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd raised its holdings in Nordson by 640.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 128 shares in the last quarter. Finally, NewSquare Capital LLC increased its stake in Nordson by 212.0% in the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.