Nordson Co. (NASDAQ:NDSN) Forecasted to Earn Q4 2024 Earnings of $2.60 Per Share

Nordson Co. (NASDAQ:NDSN) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Nordson in a research report issued on Monday, August 26th. DA Davidson analyst M. Summerville expects that the industrial products company will post earnings per share of $2.60 for the quarter. DA Davidson has a “Buy” rating and a $295.00 price objective on the stock. The consensus estimate for Nordson’s current full-year earnings is $9.52 per share.

NDSN has been the subject of several other research reports. Robert W. Baird raised their price target on shares of Nordson from $272.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. StockNews.com lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.40.

Nordson Trading Up 0.2 %

Shares of NDSN stock opened at $256.30 on Tuesday. The company has a 50 day moving average of $238.18 and a 200-day moving average of $251.55. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. Nordson has a 12-month low of $208.91 and a 12-month high of $279.38. The firm has a market cap of $14.68 billion, a P/E ratio of 30.55, a PEG ratio of 1.97 and a beta of 0.91.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 21st. The industrial products company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.33 by $0.08. The firm had revenue of $661.60 million during the quarter, compared to analyst estimates of $656.49 million. Nordson had a net margin of 18.23% and a return on equity of 20.20%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.35 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Beacon Pointe Advisors LLC boosted its holdings in Nordson by 4.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock valued at $782,000 after purchasing an additional 133 shares during the period. UBS Group AG boosted its holdings in Nordson by 14.8% in the 4th quarter. UBS Group AG now owns 162,870 shares of the industrial products company’s stock valued at $43,024,000 after purchasing an additional 21,016 shares during the period. Bessemer Group Inc. boosted its holdings in Nordson by 5,590.7% in the 1st quarter. Bessemer Group Inc. now owns 4,894 shares of the industrial products company’s stock valued at $1,343,000 after purchasing an additional 4,808 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Nordson by 61.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,146 shares of the industrial products company’s stock valued at $7,224,000 after purchasing an additional 11,875 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of Nordson during the 1st quarter valued at $1,562,000. 72.11% of the stock is owned by institutional investors.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.22%. This is an increase from Nordson’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 27th. Nordson’s dividend payout ratio (DPR) is presently 37.19%.

Nordson Company Profile

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.