Nordson Corporation (NASDAQ:NDSN – Get Free Report) CAO Joseph Rutledge sold 684 shares of Nordson stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total value of $211,615.92. Following the sale, the chief accounting officer owned 2,134 shares in the company, valued at $660,216.92. This represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nordson Price Performance
Shares of NDSN stock opened at $309.25 on Wednesday. The business’s fifty day moving average is $307.22 and its 200 day moving average is $290.46. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.00 and a beta of 0.97. Nordson Corporation has a twelve month low of $220.47 and a twelve month high of $339.12.
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. The firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that Nordson Corporation will post 11.83 EPS for the current fiscal year.
Nordson Increases Dividend
Institutional Investors Weigh In On Nordson
Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Trust LLC bought a new stake in Nordson during the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Nordson during the 2nd quarter worth $30,000. N.E.W. Advisory Services LLC bought a new stake in shares of Nordson during the 2nd quarter valued at $33,000. Hantz Financial Services Inc. increased its stake in shares of Nordson by 43.4% in the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 46 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Nordson in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. DA Davidson reissued a “buy” rating and issued a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Robert W. Baird boosted their target price on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $326.57.
View Our Latest Analysis on NDSN
Nordson Company Profile
Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.
Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.
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