NewEdge Wealth LLC trimmed its position in Nordson Corporation (NASDAQ:NDSN – Free Report) by 13.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,204 shares of the industrial products company’s stock after selling 2,737 shares during the period. NewEdge Wealth LLC’s holdings in Nordson were worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Roman Butler Fullerton & Co. boosted its holdings in Nordson by 4.2% during the fourth quarter. Roman Butler Fullerton & Co. now owns 950 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 38 shares during the period. Syon Capital LLC boosted its stake in Nordson by 4.0% during the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 41 shares during the period. Hantz Financial Services Inc. grew its holdings in Nordson by 43.4% in the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after buying an additional 46 shares during the last quarter. Norden Group LLC increased its position in Nordson by 4.4% in the 4th quarter. Norden Group LLC now owns 1,199 shares of the industrial products company’s stock worth $288,000 after buying an additional 50 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Nordson by 70.8% during the fourth 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 during the last quarter. Institutional investors own 72.11% of the company’s stock.
Analyst Ratings Changes
NDSN has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BNP Paribas Exane lifted their price objective on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Oppenheimer lifted their price target on shares of Nordson from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, DA Davidson upped their price objective on shares of Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus price target of $311.29.
Nordson Stock Performance
Nordson stock opened at $295.77 on Friday. Nordson Corporation has a 12-month low of $207.08 and a 12-month high of $307.74. The stock has a 50-day simple moving average of $289.32 and a 200 day simple moving average of $281.17. The company has a quick ratio of 1.65, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.94 and a beta of 0.96.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The firm had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. During the same quarter last year, the company posted $2.42 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, research analysts anticipate that Nordson Corporation will post 11.59 earnings per share for the current fiscal year.
Nordson Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 annualized dividend and a yield of 1.1%. Nordson’s dividend payout ratio is currently 34.97%.
Nordson 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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