2,463 Shares in Nordson Corporation $NDSN Acquired by West Family Investments Inc.

West Family Investments Inc. bought a new stake in Nordson Corporation (NASDAQ:NDSNFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,463 shares of the industrial products company’s stock, valued at approximately $743,000.

Several other large investors also recently added to or reduced their stakes in the business. Waverly Advisors LLC bought a new stake in Nordson in the second quarter worth $252,000. Empirical Finance LLC boosted its stake in shares of Nordson by 5.2% during the 2nd quarter. Empirical Finance LLC now owns 1,370 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 68 shares in the last quarter. Nykredit A S acquired a new position in shares of Nordson during the 2nd quarter valued at about $4,561,000. HighTower Advisors LLC raised its stake in shares of Nordson by 6.8% in the 2nd quarter. HighTower Advisors LLC now owns 38,317 shares of the industrial products company’s stock valued at $11,560,000 after acquiring an additional 2,431 shares in the last quarter. Finally, Groupe la Francaise bought a new position in shares of Nordson in the 2nd quarter valued at approximately $593,000. 72.11% of the stock is owned by institutional investors.

Nordson Price Performance

NASDAQ NDSN traded down $1.56 on Tuesday, reaching $316.80. The company’s stock had a trading volume of 279,393 shares, compared to its average volume of 395,219. Nordson Corporation has a 52 week low of $220.47 and a 52 week high of $339.12. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market cap of $17.65 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.97. The business has a 50-day moving average price of $304.97 and a 200 day moving average price of $289.67.

Nordson (NASDAQ:NDSNGet Free Report) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts expect that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

The company also recently announced 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%. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s payout ratio is currently 33.16%.

Analyst Upgrades and Downgrades

NDSN has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Robert W. Baird upped their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. BNP Paribas Exane lifted their target price on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Read Our Latest Report on Nordson

Insider Activity

In related news, EVP Daniel Hopgood sold 1,329 shares of the 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer McDonough sold 260 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the completion of the transaction, the executive vice president owned 6,346 shares in the company, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is currently owned by corporate insiders.

Nordson Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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