Baird Maintains Outperform on Nordson, Lowers Price Target to $272
$NDSN
Industrial Machinery/Components
Industrials
Baird analyst Michael Halloran maintains Nordson (NASDAQ:NDSN) with a Outperform and lowers the price target from $303 to $272.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/5/2023 | $275.00 | Outperform | Exane BNP Paribas |
| 9/26/2023 | $260.00 → $240.00 | Buy → Hold | Jefferies |
| 2/22/2023 | $255.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 3/30/2022 | $250.00 | Hold | Loop Capital |
| 1/10/2022 | $280.00 → $310.00 | Overweight | Wells Fargo |
| 12/17/2021 | $230.00 → $270.00 | Equal-Weight | Morgan Stanley |
| 10/19/2021 | $270.00 → $280.00 | Overweight | Wells Fargo |
Nordson (NASDAQ:NDSN) has outperformed the market over the past 15 years by 5.4% on an annualized basis producing an average annual return of 17.93%. Currently, Nordson has a market capitalization of $13.33 billion. Buying $1000 In NDSN: If an investor had bought $1000 of NDSN stock 15 years ago, it would be worth $12,059.13 today based on a price of $232.73 for NDSN at the time of writing. Nordson's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and re
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Paycom Software Inc (NYSE:PAYC) On May 31, Paycom Software announced significant leadership changes. Randy Peck, a 20-year Pa
Headquartered in Allen, Texas, Atrion is a manufacturer of proprietary medical products, generating approximately $169 million in annual revenue in 2023. The $460.00 per share in cash price for Atrion represents a total transaction enterprise value of approximately $800 million. The transaction is expected to close prior to Nordson's fiscal year-end 2024
KeyBanc Capital Markets downgraded Nordson from Overweight to Sector Weight
Exane BNP Paribas initiated coverage of Nordson with a rating of Outperform and set a new price target of $275.00
Jefferies downgraded Nordson from Buy to Hold and set a new price target of $240.00 from $260.00 previously
Third Quarter Highlights: Sales were $662 million, an increase of 2% year-over-year and in-line with mid-point of guidance Earnings per diluted share were $2.04 Adjusted earnings per diluted share were $2.41, $0.08 above the mid-point of guidance Updated Full-Year Guidance: Increasing full fiscal year 2024 revenue guidance to reflect the addition of Atrion acquisition Maintaining full fiscal year 2024 adjusted earnings per diluted share guidance, inclusive of the slightly dilutive fourth quarter Atrion acquisition impact Nordson Corporation (NASDAQ:NDSN) today reported results for the fiscal third quarter ended July 31, 2024. Sales were $662 million, compared to the pri
Nordson Corporation (NASDAQ:NDSN) (the "Company" or "Nordson") has completed the acquisition of Atrion Corporation ("Atrion"), a leader in proprietary medical infusion fluid delivery and niche cardiovascular solutions. The completion of the transaction follows the Company's May 28, 2024 announcement that it had entered into an agreement to acquire the business. This acquisition will expand Nordson's medical portfolio into new markets and therapies, supported by long-term secular growth trends. The Company will provide comments about the acquisition in its previously announced third quarter fiscal year 2024 webcast, which is scheduled for: Date: Thursday, August 22, 2024 Time: 8:30 AM ET
Nordson Corporation (NASDAQ:NDSN) today announced that its Board of Directors has approved a 15 percent increase in the Company's quarterly cash dividend to $0.78 per common share from $0.68. The dividend is payable on September 10, 2024, to shareholders of record as of the close of business on August 27, 2024. This increase represents Nordson's 61st consecutive year of annual dividend increases, ranking it among an elite group of publicly traded companies with the longest-running record of consecutive dividend increases. "As a high quality growth compounder, Nordson has a long and rich history of profitability and cash flow, supporting 61 consecutive years of paying and increasing annu
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Nordson Corporation (NASDAQ:NDSN) today announced that Maria Spangler has been named director, Nordson Foundation and Community Relations, effective Dec. 2, 2024. Ms. Spangler succeeds Cecilia Render, who announced her upcoming retirement effective Dec. 31, 2024. In the overlapping time, Ms. Spangler will partner with Ms. Render to ensure a smooth transition. Ms. Spangler brings more than 15 years of experience in program development, growth and impact measurement to the role. Since 2007, she's held roles of increasing responsibility at Sherwin-Williams (NYSE:SHW), a $23 billion global leader in paints, coatings and related products. In her most recent role, she served as director, commun
Nordson Test & Inspection today announced that it has earned the Prime Award, which is the top honor, at the Step-by-Step Excellence Awards (SbSEA) for its groundbreaking SQ3000M2 Automated Optical Inspection (AOI) and Metrology System. The award was presented during a recent ceremony at NEPCON Asia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113730199/en/Nordson's SQ3000M2 Automated Optical Inspection (AOI) and Metrology system for microelectronics. (Photo: Business Wire) Nordson's newly launched SQ3000M2 Inspection and Metrology system, designed for micro-electronics applications, provides superior performance with unpa
Nordson Corporation (NASDAQ:NDSN) today announced it will release fourth quarter and fiscal year 2024 earnings on December 11, 2024, after the close of the market. Nordson will host its quarterly webcast on: Date: Thursday, December 12, 2024 Time: 8:30 AM ET Link to listen: https://events.q4inc.com/attendee/294365392 Investors who are interested in listening to the webcast, but are not able to participate during the scheduled time, can access the replay by visiting Nordson's investor website. Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led o
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Nordson Corporation (NASDAQ:NDSN) announced the election of Christopher L. Mapes, retired president and chief executive officer of Lincoln Electric Holdings, Inc. (NASDAQ:LECO), to its board of directors, effective today. Mr. Mapes has more than 38 years of experience leading diversified global manufacturing companies. Beyond his keen understanding of the manufacturing industry, Mr. Mapes has significant experience in the areas of mergers and acquisitions, global operations, international compliance and developing and implementing strategic operating plans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115539778/en/Christoph
AUSTIN, TX / ACCESSWIRE / December 7, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced the appointment of Mr. Victor L. Richey, retired Chairman and Chief Executive Officer of ESCO Technologies, Inc (NYSE:ESE) ("ESCO"), to Thermon's board of directors (the "Board"). Mr. Richey's addition is part of the Board's ongoing succession planning efforts.John U. Clarke, Thermon's Chairman of the Board said, "On behalf of our entire Board, we are delighted to welcome Vic to the Board. Vic brings a track record of proven success from his tenure as Chairman and CEO of ESCO, which under his leadership, significantly incre
Nordson Corporation (NASDAQ:NDSN) announced today that Executive Vice President and Chief Financial Officer Joseph Kelley has been appointed Executive Vice President and Industrial Precision Solutions segment leader, effective November 1, 2023. Mr. Kelley will succeed Jeffrey Pembroke, who will be retiring from the Company after 18 years of leadership. "Building Winning Teams is one of the key pillars of our Ascend Strategy. As Jeff retires, we are fortunate to have Joe ready to step into this position. Those who know Joe are familiar with the energy and passion he brings to Nordson, in addition to his deep understanding of the business and the deployment of the Ascend Strategy. I am exci