Nordson Corp (NASDAQ: NDSN) is -2.15% lower on its value in year-to-date trading and has touched a low of $165.03 and a high of $266.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NDSN stock was last observed hovering at around $222.75 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $222.78, the stock is 2.95% and 8.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.01% at the moment leaves the stock 0.47% off its SMA200. NDSN registered 6.47% gain for a year compared to 6-month gain of 6.68%. The firm has a 50-day simple moving average (SMA 50) of $205.0794 and a 200-day simple moving average (SMA200) of $221.7463.
The stock witnessed a 4.93% loss in the last 1 month and extending the period to 3 months gives it a 9.55%, and is 3.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.90% over the week and 1.95% over the month.
Nordson Corp (NDSN) has around 8000 employees, a market worth around $12.59B and $2.70B in sales. Current P/E ratio is 28.66 and Fwd P/E is 20.35. Profit margin for the company is 16.51%. Distance from 52-week low is 34.99% and -16.52% from its 52-week high. The company has generated returns on investments over the last 12 months (8.64%).
with sales reaching $724.12M over the same period.The EPS is expected to grow by 3.16% this year, but quarterly earnings will post 3.73% year-over-year. Quarterly sales are estimated to grow 9.45% in year-over-year returns.
832.0 institutions hold shares in Nordson Corp (NDSN), with institutional investors hold 82.74% of the company’s shares. The shares outstanding are 56.51M, and float is at 51.34M with Short Float at 3.19%. Institutions hold 78.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.13 million shares valued at $1.42 billion. The investor’s holdings represent 10.7072 of the NDSN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.87 million shares valued at $897.99 million to account for 6.7652 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 2.59 million shares representing 4.528 and valued at over $601.03 million, while STATE STREET CORP holds 4.3004 of the shares totaling 2.46 million with a market value of $570.83 million.
Nordson Corp (NDSN) Insider Activity
Still, SEC filings show that on Jan 07 ’25, Lovass Stephen (Executive Vice President) disposed off 1,299 shares at an average price of $206.79 for $0.27 million. The insider now directly holds 7,347 shares of Nordson Corp (NDSN).
