Nordson Corporation (NASDAQ:NDSN) Stock Has Average Price Target of $326.57

Shares of Nordson Corporation (NASDAQ:NDSN) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $326.57.

A number of analysts have issued reports on NDSN shares. Oppenheimer raised their target price on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. DA Davidson restated a “buy” rating and set a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Robert W. Baird lifted their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. KeyCorp reissued a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, September 26th.

Insider Transactions at Nordson

In other news, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total value of $211,615.92. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer McDonough sold 260 shares of Nordson stock in a transaction on Thursday, August 27th. The shares were 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 owned 6,346 shares in the company, valued at approximately $2,132,256. This represents a 3.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,273 shares of company stock worth $743,247. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in shares of Nordson by 3.0% during the 2nd quarter. QRG Capital Management Inc. now owns 3,801 shares of the industrial products company’s stock worth $1,147,000 after buying an additional 112 shares in the last quarter. Security National Bank of SO Dak acquired a new position in Nordson during the second quarter worth about $62,000. Tidal Investments LLC raised its position in shares of Nordson by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 116,066 shares of the industrial products company’s stock worth $35,016,000 after purchasing an additional 1,065 shares during the last quarter. National Pension Service lifted its position in shares of Nordson by 25.6% in the second quarter. National Pension Service now owns 10,383 shares of the industrial products company’s stock valued at $3,132,000 after acquiring an additional 2,113 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Nordson by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 7,731 shares of the industrial products company’s stock valued at $2,332,000 after purchasing an additional 623 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 0.4%

NDSN opened at $329.02 on Friday. 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 has a twelve month low of $223.29 and a twelve month high of $339.12. The company has a market cap of $18.33 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The company has a 50-day moving average price of $315.12 and a 200 day moving average price of $293.93.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The company 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 firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts expect that Nordson will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be paid a dividend of $0.94 per share. The ex-dividend date is Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a yield of 1.1%. This is a boost from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is 38.02%.

About Nordson

Nordson Corporation is a global industrial technology company that designs, manufactures and markets precision systems used to dispense, apply, coat and manage materials. Its equipment serves manufacturers in industries such as packaging, product assembly, electronics, transportation, construction, and general industrial production.

The company’s products include adhesive dispensing and application systems, coatings and sealant equipment, fluid-management components, precision metering systems, and inspection and control technologies.