Research Analysts Offer Predictions for Nordson Co.’s Q3 2024 Earnings (NASDAQ:NDSN)

Nordson Co. (NASDAQ:NDSN) – DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for Nordson in a report released on Wednesday, May 22nd. DA Davidson analyst M. Summerville anticipates that the industrial products company will earn $2.35 per share for the quarter. DA Davidson currently has a “Buy” rating and a $295.00 price objective on the stock. The consensus estimate for Nordson’s current full-year earnings is $9.49 per share. DA Davidson also issued estimates for Nordson’s FY2024 earnings at $9.55 EPS.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Monday, May 20th. The industrial products company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. Nordson had a return on equity of 20.20% and a net margin of 18.23%. The company had revenue of $650.64 million for the quarter, compared to analyst estimates of $661.06 million. During the same period in the previous year, the company posted $2.26 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year.

NDSN has been the topic of several other reports. StockNews.com raised shares of Nordson from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. KeyCorp reiterated a “sector weight” rating on shares of Nordson in a research note on Monday, February 26th. Robert W. Baird decreased their price target on Nordson from $303.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Nordson from $290.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.83.

Nordson Price Performance

NASDAQ NDSN opened at $237.94 on Thursday. The firm’s 50 day moving average is $265.54 and its 200-day moving average is $256.52. Nordson has a 12-month low of $208.91 and a 12-month high of $279.38. The company has a quick ratio of 1.37, a current ratio of 2.21 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $13.61 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

Institutional Trading of Nordson

Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Nordson by 48.4% in the third quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company’s stock valued at $51,633,000 after buying an additional 75,466 shares during the period. Beacon Pointe Advisors LLC grew its position in shares of Nordson by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,961 shares of the industrial products company’s stock valued at $782,000 after acquiring an additional 133 shares during the period. Pallas Capital Advisors LLC bought a new position in Nordson during the fourth quarter valued at $1,192,000. Assenagon Asset Management S.A. increased its holdings in Nordson by 918.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 12,063 shares of the industrial products company’s stock worth $3,187,000 after acquiring an additional 10,878 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in Nordson by 2.3% during the fourth quarter. Independent Advisor Alliance now owns 1,983 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 45 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st will be issued a $0.68 dividend. The ex-dividend date is Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. Nordson’s dividend payout ratio (DPR) is presently 32.42%.

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.