MBL Wealth LLC bought a new stake in Nordson Corporation (NASDAQ:NDSN – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,574 shares of the industrial products company’s stock, valued at approximately $516,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. XXEC Inc. bought a new stake in shares of Nordson during the second quarter worth $896,378,000. BlackRock Inc. bought a new position in Nordson in the second quarter valued at about $1,248,447,000. Bank of New York Mellon Corp bought a new position in Nordson in the second quarter valued at about $127,230,000. Caisse de depot et placement du Quebec acquired a new stake in Nordson in the second quarter worth about $95,993,000. Finally, Deutsche Bank AG acquired a new stake in Nordson in the second quarter worth about $89,393,000. 72.11% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Nordson
In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $336.00, for a total transaction of $87,360.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at $1,590,551.82. The trade was a 21.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,273 shares of company stock valued at $743,247. 0.84% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
NDSN has been the subject of several recent research reports. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Robert W. Baird raised their target price on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Oppenheimer boosted their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and a consensus price target of $326.57.
Read Our Latest Report on NDSN
Nordson Stock Performance
Shares of Nordson stock opened at $318.84 on Friday. The firm has a fifty day moving average of $322.52 and a two-hundred day moving average of $300.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 2.07 and a beta of 0.99. Nordson Corporation has a 52 week low of $223.29 and a 52 week high of $339.12.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The business had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. During the same period last year, the company earned $2.73 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts predict that Nordson Corporation will post 11.86 EPS for the current year.
Nordson Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were issued a $0.94 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, September 10th. Nordson’s dividend payout ratio is currently 38.02%.
About Nordson
Nordson Corporation (NASDAQ: NDSN) is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.
Nordson’s products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.
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