Nordson (NASDAQ:NDSN) Price Target Cut to $285.00 by Analysts at DA Davidson

Nordson (NASDAQ:NDSN) had its price target trimmed by DA Davidson from $295.00 to $285.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock. DA Davidson also issued estimates for Nordson’s Q1 2025 earnings at $2.07 EPS and FY2025 earnings at $10.90 EPS.

Separately, Robert W. Baird reissued a “neutral” rating and set a $237.00 target price (down previously from $294.00) on shares of Nordson in a report on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $279.00.

Nordson Stock Performance

NASDAQ NDSN opened at $226.46 on Friday. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.85 and a beta of 0.90. Nordson has a twelve month low of $222.18 and a twelve month high of $279.38. The company has a current ratio of 2.36, a quick ratio of 1.52 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $253.99 and a 200 day moving average of $245.93.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 20.12% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $736.83 million. During the same quarter in the prior year, the firm posted $2.46 EPS. Nordson’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Nordson will post 10.35 EPS for the current fiscal year.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the sale, the executive vice president now owns 8,659 shares of the company’s stock, valued at approximately $2,164,576.82. This trade represents a 25.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Lovass sold 317 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total value of $82,657.75. Following the completion of the sale, the executive vice president now directly owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,629 shares of company stock valued at $914,400. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Procyon Advisors LLC grew its position in Nordson by 2.9% in the third quarter. Procyon Advisors LLC now owns 1,397 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 39 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in Nordson by 1.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,005 shares of the industrial products company’s stock worth $1,052,000 after acquiring an additional 39 shares during the period. Everpar Advisors LLC grew its position in Nordson by 2.1% in the second quarter. Everpar Advisors LLC now owns 2,021 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 42 shares during the period. Creative Financial Designs Inc. ADV grew its position in Nordson by 1.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,863 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 42 shares during the period. Finally, Covestor Ltd grew its position in Nordson by 18.8% in the third quarter. Covestor Ltd now owns 272 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 43 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

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.