Nordson (NASDAQ:NDSN) Posts Earnings Results

Nordson (NASDAQ:NDSN) released its quarterly earnings results on Wednesday. The industrial products company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.10, Zacks reports. The company had revenue of $741.51 million for the quarter, compared to the consensus estimate of $724.04 million. Nordson had a net margin of 16.51% and a return on equity of 19.10%. Nordson’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. Nordson updated its FY 2025 guidance to 10.100- EPS.

Nordson Trading Down 1.8%

Shares of NASDAQ NDSN opened at $213.52 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. Nordson has a 12 month low of $165.03 and a 12 month high of $266.86. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.67 and a beta of 0.89. The business has a fifty day simple moving average of $216.34 and a 200-day simple moving average of $206.68.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. Nordson’s payout ratio is 40.10%.

Analysts Set New Price Targets

Several equities research analysts recently commented on NDSN shares. Robert W. Baird boosted their target price on Nordson from $241.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. KeyCorp lifted their price target on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Oppenheimer upgraded Nordson from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a report on Friday, May 30th. Wolfe Research initiated coverage on Nordson in a research note on Wednesday, June 18th. They set a “peer perform” rating for the company. Finally, Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.86.

Institutional Trading of Nordson

Several institutional investors and hedge funds have recently bought and sold shares of NDSN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Nordson by 314.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock valued at $2,335,000 after acquiring an additional 8,268 shares during the period. Marshall Wace LLP purchased a new stake in shares of Nordson in the second quarter valued at $8,594,000. Cerity Partners LLC boosted its position in shares of Nordson by 23.6% in the second quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock worth $3,027,000 after buying an additional 2,692 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Nordson by 2.4% during the second quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock valued at $2,221,000 after buying an additional 244 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after buying an additional 133,229 shares in 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.