Nordson (NASDAQ:NDSN) Cut to “Hold” at Wall Street Zen

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

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

Nordson Price Performance

Shares of NDSN stock opened at $323.84 on Friday. The firm has a fifty day moving average of $322.33 and a two-hundred day moving average of $296.50. The firm has a market cap of $18.04 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.99 and a beta of 0.99. Nordson has a 1-year low of $223.29 and a 1-year high of $339.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18.

Nordson (NASDAQ:NDSN) last issued its 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 business had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the prior year, the business posted $2.73 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts anticipate that Nordson will post 11.86 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, September 10th. Nordson’s dividend payout ratio is presently 38.02%.

Insider Transactions at Nordson

In related news, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total value of $211,615.92. Following the sale, the chief accounting officer directly owned 2,134 shares in the company, valued at $660,216.92. This trade represents a 24.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the transaction, 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. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,273 shares of company stock worth $743,247. Insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Nordson

Several large investors have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in shares of Nordson by 22.0% during the third quarter. Hantz Financial Services Inc. now owns 692 shares of the industrial products company’s stock worth $227,000 after buying an additional 125 shares during the period. Phoenix Financial Ltd. grew its holdings in Nordson by 6.5% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,781 shares of the industrial products company’s stock worth $586,000 after buying an additional 109 shares in the last quarter. Aberdeen Group plc grew its holdings in Nordson by 1,453.0% in the 3rd quarter. Aberdeen Group plc now owns 161,027 shares of the industrial products company’s stock worth $52,793,000 after buying an additional 150,658 shares in the last quarter. Allworth Financial LP increased its position in Nordson by 1.4% in the 3rd quarter. Allworth Financial LP now owns 11,641 shares of the industrial products company’s stock valued at $3,512,000 after acquiring an additional 166 shares during the period. Finally, Fisher Asset Management LLC acquired a new stake in Nordson in the 3rd quarter valued at approximately $424,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

About Nordson

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency.

The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.

Founded in 1954, Nordson serves customers worldwide across industries including packaging, electronics, automotive, medical, and consumer products.