Fintel reports that on January 22, 2025, Loop Capital upgraded their outlook for Nordson (NasdaqGS:NDSN) from Hold to Buy.
Analyst Price Forecast Suggests 21.57% Upside
As of December 24, 2024, the average one-year price target for Nordson is $267.67/share. The forecasts range from a low of $239.37 to a high of $299.25. The average price target represents an increase of 21.57% from its latest reported closing price of $220.18 / share.
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The projected annual revenue for Nordson is 2,868MM, an increase of 6.62%. The projected annual non-GAAP EPS is 11.52.
What is the Fund Sentiment?
There are 1,167 funds or institutions reporting positions in Nordson. This is an decrease of 9 owner(s) or 0.77% in the last quarter. Average portfolio weight of all funds dedicated to NDSN is 0.19%, an increase of 1.21%. Total shares owned by institutions increased in the last three months by 1.88% to 49,508K shares. 
The put/call ratio of NDSN is 1.10, indicating a bearish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 2,668K shares representing 4.67% ownership of the company. In its prior filing, the firm reported owning 2,591K shares , representing an increase of 2.88%. The firm decreased its portfolio allocation in NDSN by 25.75% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,630K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 1,621K shares , representing an increase of 0.59%. The firm increased its portfolio allocation in NDSN by 6.98% over the last quarter.
Lazard Asset Management holds 1,515K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 1,326K shares , representing an increase of 12.49%. The firm increased its portfolio allocation in NDSN by 37.94% over the last quarter.
Geode Capital Management holds 1,443K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 1,429K shares , representing an increase of 1.02%. The firm decreased its portfolio allocation in NDSN by 44.75% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 1,425K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 1,395K shares , representing an increase of 2.08%. The firm increased its portfolio allocation in NDSN by 6.42% over the last quarter.
Nordson Background Information
(This description is provided by the company.)
Nordson Corporation engineers, manufactures and markets differentiated products and systems used for the precision dispensing of adhesives, coatings, sealants, biomaterials, polymers, plastics and other materials, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in more than 35 countries.
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This story originally appeared on Fintel.
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