Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nordson Corp before investing.

In this article, we go over a few key elements for understanding Nordson Corp’s stock price such as:

• Nordson Corp’s current stock price and volume
• Why Nordson Corp’s stock price changed recently
• Upgrades and downgrades for NDSN from analysts
• NDSN’s stock price momentum as measured by its relative strength

About Nordson Corp (NDSN)

Before we jump into Nordson Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Nordson Corporation is a precision technology company. It engineers, manufactures and market differentiated products and systems used for precision dispensing, applying and controlling adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces and various medical products. Its segments include Industrial Precision Solutions, Medical and Fluid Solutions and Advanced Technology Solutions. The Industrial Precision Solutions segment delivers dispensing and material processing technology to diverse end markets. This segment serves the consumer durables, non-durables, agriculture and industrial markets. The Medical and Fluid Solutions segment includes fluid management solutions for medical, high-tech industrial and other diverse end markets. The Advanced Technology Solutions segment integrates its product technologies into the progressive stages of a customer’s production processes.

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Nordson Corp’s Stock Price as of Market Close

As of May 21, 2024, 4:00 PM, CST, Nordson Corp’s stock price was $243.14.

Nordson Corp is down 9.41% from its previous closing price of $268.41.

During the last market session, Nordson Corp’s stock traded between $267.64 and $272.27. Currently, there are 57.06 million shares of Nordson Corp stock available for purchase.

Nordson Corp’s price-earnings (P/E) ratio is currently at 31.4, which is high compared to the Industrial Machinery & Equipment industry median of 27.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Nordson Corp Stock Price History

Nordson Corp’s (NDSN) price is currently down 5.83% so far this month.

During the month of May, Nordson Corp’s stock price has reached a high of $279.38 and a low of $243.09.

Over the last year, Nordson Corp has hit prices as high as $279.38 and as low as $208.91. Year to date, Nordson Corp’s stock is up 2.28%.

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What Caused Nordson Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 20, 2024, there was 1 analyst who downgraded Nordson Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Nordson Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nordson Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nordson Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nordson Corp (NDSN) by visiting AAII Stock Evaluator.

Relative Price Strength of Nordson Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 20, 2024, Nordson Corp has a weighted four-quarter relative price strength of -1.24%, which translates to a Momentum Score of 62 and is considered to be Strong.

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Nordson Corp Stock Price: Bottom Line

As of May 21, 2024, Nordson Corp’s stock price is $243.14, which is down 9.41% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nordson Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.