DA Davidson Has Lowered Expectations for Nordson (NASDAQ:NDSN) Stock Price

Nordson (NASDAQ:NDSN - Free Report) had its price objective lowered by DA Davidson from $295.00 to $285.00 in a research note issued to investors on Friday morning,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 restated a "neutral" rating and set a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $279.00.

Nordson Price Performance

Shares of NDSN traded down $2.65 during trading hours on Friday, hitting $226.46. 720,284 shares of the company were exchanged, compared to its average volume of 239,897. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.36 and a quick ratio of 1.52. The company has a market capitalization of $12.95 billion, a PE ratio of 27.92, a PEG ratio of 1.85 and a beta of 0.90. The firm has a fifty day simple moving average of $253.99 and a 200-day simple moving average of $245.82. Nordson has a one year low of $222.18 and a one year high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last issued 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 firm had revenue of $744.00 million for the quarter, compared to analysts' expectations of $736.83 million. During the same quarter last year, the business posted $2.46 EPS. Nordson's revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Nordson will post 10.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Stephen Lovass sold 317 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,738,159.50. This represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph P. Kelley sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $249.98, for a total value of $749,940.00. Following the completion of the transaction, the executive vice president now directly owns 8,659 shares in the company, valued at $2,164,576.82. The trade was a 25.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,629 shares of company stock valued at $914,400 over the last ninety days. Corporate insiders own 0.86% of the company's stock.

Institutional Trading of Nordson

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position 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 worth $7,224,000 after buying an additional 11,875 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Nordson by 13.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company's stock worth $45,533,000 after acquiring an additional 20,217 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock worth $84,499,000 after purchasing an additional 61,430 shares during the period. Holocene Advisors LP raised its holdings in Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company's stock valued at $7,661,000 after acquiring an additional 15,524 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Nordson by 47.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company's stock worth $4,117,000 after purchasing an additional 5,046 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

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.