Cibc World Market Inc. purchased a new position in Nordson Corporation (NASDAQ:NDSN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,783 shares of the industrial products company’s stock, valued at approximately $538,000.
Several other institutional investors have also added to or reduced their stakes in NDSN. XXEC Inc. bought a new position in shares of Nordson during the second quarter valued at about $896,378,000. BlackRock Inc. bought a new stake in shares of Nordson in the 2nd quarter valued at about $1,248,447,000. Norges Bank purchased a new stake in Nordson during the 4th quarter valued at about $191,654,000. Bank of New York Mellon Corp bought a new position in Nordson during the 2nd quarter worth approximately $127,230,000. Finally, Deutsche Bank AG bought a new position in Nordson during the 2nd quarter worth approximately $89,393,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Nordson
In other news, EVP Jennifer L. Mcdonough sold 260 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the sale, the executive vice president directly owned 4,758 shares in the company, valued at $1,590,551.82. The trade was a 21.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on NDSN
Key Stories Impacting Nordson
Here are the key news stories impacting Nordson this week:
- Positive Sentiment: Nordson declared a quarterly dividend of $0.94 per share, payable October 2 to shareholders of record September 10. The payout is 14.6% higher than the previous $0.82 dividend, signaling management’s confidence in cash-flow generation and enhancing the stock’s appeal to income-focused investors. Nordson raises dividend by 14.6% to $0.94
- Positive Sentiment: Recent momentum reflects Nordson’s solid operating performance. The company’s latest quarter exceeded earnings and revenue expectations, with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. Analysts remain constructive, including an Oppenheimer price-target increase to $370 and a consensus rating of “Moderate Buy.” What Makes Nordson a Strong Momentum Stock
- Neutral Sentiment: NDSN recently set a new 12-month high, highlighting strong momentum but also increasing the possibility of profit-taking after a substantial advance. Nordson Sets New 12-Month High
- Negative Sentiment: Two Nordson executives reported stock sales. EVP Daniel Roy Hopgood sold 1,329 shares worth approximately $444,000, reducing his holdings by 21.83%; EVP Jennifer McDonough sold 260 shares worth about $87,000. These transactions may weigh on sentiment, particularly with the stock near its recent high, although insider sales do not necessarily indicate deteriorating business fundamentals. Nordson Insider Selling
Nordson Price Performance
Shares of NDSN stock opened at $324.59 on Friday. The firm has a market cap of $18.08 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.15 and a beta of 0.96. Nordson Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $339.12. The business’s 50 day moving average price is $302.64 and its 200-day moving average price is $288.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82.
Nordson (NASDAQ:NDSN – Get Free Report) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The company had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. During the same quarter in the prior year, the company earned $2.73 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts anticipate that Nordson Corporation will post 11.83 earnings per share for the current year.
Nordson Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be issued a $0.94 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson’s dividend payout ratio (DPR) is currently 33.16%.
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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