Wealthfront Advisers LLC acquired a new position in Nordson Corporation (NASDAQ:NDSN – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,634 shares of the industrial products company’s stock, valued at approximately $493,000.
Several other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Nordson during the 2nd quarter valued at $25,000. Private Trust Co. NA grew its position in shares of Nordson by 70.8% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson during the second quarter valued at $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Nordson during the second quarter valued at $33,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Nordson in the second quarter valued at about $34,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Trading Down 0.7%
NDSN opened at $332.24 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.65 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.16 and a beta of 0.96. Nordson Corporation has a 12 month low of $220.06 and a 12 month high of $338.55. The stock has a fifty day moving average price of $298.83 and a 200-day moving average price of $287.07.
Nordson Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is currently 33.16%.
Analysts Set New Price Targets
A number of research firms recently weighed in on NDSN. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. BNP Paribas Exane raised their target price on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. DA Davidson restated a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.57.
Get Our Latest Analysis on NDSN
Nordson News Summary
Here are the key news stories impacting Nordson this week:
- Positive Sentiment: Strong Q3 beat and broad-based growth: Nordson reported adjusted earnings of $3.25 per share, above the $3.09 consensus and up from $2.73 a year earlier. Revenue reached $817.7 million, exceeding estimates of $779.5 million and increasing 10.3% year over year. Record sales across all segments, stronger orders and broad organic growth supported the results. NDSN Q3 Earnings Beat Estimates on Broad Organic Growth
- Positive Sentiment: Higher fiscal 2026 outlook: Management raised its outlook for the third time, forecasting fiscal 2026 sales of $3.035 billion to $3.075 billion and adjusted EPS of $11.80 to $12.00. Backlog reportedly increased 35%, reinforcing expectations for continued demand and earnings momentum. Nordson Forecasts Fiscal 2026 Sales and EPS
- Positive Sentiment: Analyst price-target increases: Oppenheimer raised its target from $335 to $370 and upgraded its view to “outperform.” Robert W. Baird lifted its target from $328 to $351 while maintaining a “neutral” rating. DA Davidson reaffirmed its “buy” rating with a $345 target. Analysts Boost Forecasts on Nordson
- Neutral Sentiment: New medical product: Nordson MEDICAL introduced its Divert ULTRA line of ultra-high-pressure stopcocks for demanding medical applications. The launch expands the product portfolio but was not accompanied by a specific financial impact. Nordson MEDICAL Introduces Divert ULTRA
- Negative Sentiment: Insider selling and valuation: Reported insider activity showed 46 sales and no purchases over the past six months, including sizable sales by senior executives. After the rally, Nordson trades at roughly 33.6 times earnings, leaving the stock vulnerable to profit-taking if growth or guidance momentum slows.
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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