Sequoia Financial Advisors LLC raised its holdings in Nordson Corporation (NASDAQ:NDSN – Free Report) by 48.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,843 shares of the industrial products company’s stock after purchasing an additional 2,566 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Nordson were worth $1,886,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in NDSN. Arrowstreet Capital Limited Partnership boosted its stake in shares of Nordson by 314.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock valued at $2,335,000 after purchasing an additional 8,268 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Nordson in the 2nd quarter valued at approximately $8,594,000. Cerity Partners LLC boosted its stake in shares of Nordson by 23.6% in the 2nd quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock valued at $3,027,000 after purchasing an additional 2,692 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Nordson by 2.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock valued at $2,221,000 after purchasing an additional 244 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after purchasing an additional 133,229 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NDSN has been the topic of several recent research reports. DA Davidson set a $335.00 price objective on Nordson in a report on Monday, February 23rd. KeyCorp raised their price objective on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer raised their price objective on Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, Robert W. Baird raised their price objective on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average target price of $311.50.
Insider Buying and Selling
In other news, EVP Srinivas Subramanian sold 3,100 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $280.00, for a total value of $868,000.00. Following the transaction, the executive vice president owned 6,407 shares in the company, valued at approximately $1,793,960. The trade was a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundaram Nagarajan sold 41,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total transaction of $12,258,268.00. Following the completion of the transaction, the chief executive officer owned 64,824 shares in the company, valued at $19,010,286.24. This trade represents a 39.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,393 shares of company stock valued at $22,549,703 over the last 90 days. 0.84% of the stock is owned by corporate insiders.
Nordson Stock Down 0.6%
NASDAQ:NDSN opened at $281.85 on Tuesday. The firm’s 50 day simple moving average is $275.30 and its 200 day simple moving average is $261.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.72 and a quick ratio of 1.74. Nordson Corporation has a one year low of $191.99 and a one year high of $305.28. The company has a market cap of $15.72 billion, a PE ratio of 30.44, a P/E/G ratio of 1.91 and a beta of 0.99.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $669.46 million for the quarter, compared to the consensus estimate of $652.68 million. Nordson had a net margin of 18.39% and a return on equity of 19.73%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.06 EPS. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, research analysts anticipate that Nordson Corporation will post 11.41 earnings per share for the current year.
Nordson Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $3.28 annualized dividend and a yield of 1.2%. Nordson’s payout ratio is presently 35.42%.
Nordson Company Profile
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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