USA Financial Formulas purchased a new position in Nordson Corporation (NASDAQ:NDSN – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,105 shares of the industrial products company’s stock, valued at approximately $690,000.
Several other large investors also recently added to or reduced their stakes in the stock. CWS Financial Advisors LLC raised its position in Nordson by 37.5% during the third quarter. CWS Financial Advisors LLC now owns 1,189 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 324 shares during the period. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Nordson in the 3rd quarter valued at approximately $33,000. Assenagon Asset Management S.A. lifted its stake in shares of Nordson by 320.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 70,706 shares of the industrial products company’s stock valued at $23,181,000 after purchasing an additional 53,875 shares during the last quarter. Curated Wealth Partners LLC purchased a new position in shares of Nordson in the 3rd quarter worth approximately $209,000. Finally, WealthPlan Investment Management LLC purchased a new position in shares of Nordson in the 3rd quarter worth approximately $215,000. 72.11% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
NDSN has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Robert W. Baird boosted their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Weiss Ratings raised shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, KeyCorp restated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.57.
View Our Latest Research Report on NDSN
Nordson Trading Down 2.0%
Shares of NASDAQ NDSN opened at $322.31 on Friday. Nordson Corporation has a fifty-two week low of $223.29 and a fifty-two week high of $339.12. 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 company has a market cap of $17.95 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.09 and a beta of 0.99. The business’s 50 day moving average price is $321.12 and its 200-day moving average price is $298.55.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. Nordson’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts expect that Nordson Corporation will post 11.86 earnings per share for the current year.
Nordson Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th. Nordson’s dividend payout ratio is 38.02%.
Insider Transactions at Nordson
In other news, CAO Joseph M. Rutledge sold 684 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the sale, the chief accounting officer directly owned 2,134 shares of the company’s stock, valued at approximately $660,216.92. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the transaction, the executive vice president owned 4,758 shares in the company, valued at approximately $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 ninety days, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is currently owned by insiders.
About Nordson
Nordson Corporation is a global industrial technology company that designs, manufactures and markets precision systems used to dispense, apply, coat and manage materials. Its equipment serves manufacturers in industries such as packaging, product assembly, electronics, transportation, construction, and general industrial production.
The company’s products include adhesive dispensing and application systems, coatings and sealant equipment, fluid-management components, precision metering systems, and inspection and control technologies.
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