United Capital Financial Advisors LLC acquired a new stake in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 1,576 shares of the industrial products company’s stock, valued at approximately $476,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Equitable Holdings Inc. bought a new stake in Nordson in the second quarter valued at $761,000. Jefferies Financial Group Inc. bought a new position in shares of Nordson during the second quarter worth about $8,542,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Nordson in the 2nd quarter worth about $11,614,000. XXEC Inc. acquired a new stake in shares of Nordson in the 2nd quarter worth about $55,144,000. Finally, Capstone Investment Advisors LLC bought a new stake in Nordson in the 2nd quarter valued at about $335,000. 72.11% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Daniel Roy Hopgood sold 1,329 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares in the company, valued at $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the sale, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. The trade was a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is owned by company insiders.
Nordson Stock Performance
Nordson (NASDAQ:NDSN – Get Free Report) last released its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. During the same quarter last year, the company earned $2.73 EPS. Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts predict that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.
Nordson Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. Nordson’s payout ratio is 33.16%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on NDSN. DA Davidson reissued a “buy” rating and set a $345.00 target price on shares of Nordson in a research note on Thursday, August 20th. BNP Paribas Exane raised their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Oppenheimer lifted their price target on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $326.57.
View Our Latest Stock Report on Nordson
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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