Huntington National Bank Sells 1,765 Shares of Nordson Corporation $NDSN

Huntington National Bank cut its position in shares of Nordson Corporation (NASDAQ:NDSN) by 51.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,695 shares of the industrial products company’s stock after selling 1,765 shares during the period. Huntington National Bank’s holdings in Nordson were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roman Butler Fullerton & Co. boosted its stake 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 buying an additional 38 shares during the last quarter. Bessemer Group Inc. boosted its stake in Nordson by 12.0% during the third quarter. Bessemer Group Inc. now owns 430 shares of the industrial products company’s stock valued at $98,000 after buying an additional 46 shares during the last quarter. Argent Trust Co boosted its stake in Nordson by 3.6% during the third quarter. Argent Trust Co now owns 1,325 shares of the industrial products company’s stock valued at $301,000 after buying an additional 46 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Nordson by 43.4% during the fourth 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. Finally, Norden Group LLC boosted its stake in Nordson by 4.4% during the fourth quarter. Norden Group LLC now owns 1,199 shares of the industrial products company’s stock valued at $288,000 after buying an additional 50 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Justin E. Hall sold 716 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the sale, the executive vice president directly owned 1,515 shares of the company’s stock, valued at approximately $417,867.30. This trade represents a 32.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Srinivas Subramanian sold 3,100 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $280.00, for a total value of $868,000.00. Following the sale, the executive vice president directly owned 6,407 shares of the company’s stock, valued at $1,793,960. This represents a 32.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.84% of the stock is currently owned by company insiders.

Nordson Price Performance

NASDAQ:NDSN opened at $287.33 on Friday. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.92 and a beta of 0.99. Nordson Corporation has a 1 year low of $205.17 and a 1 year high of $305.28. The business has a 50 day simple moving average of $276.96 and a 200-day simple moving average of $266.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The business had revenue of $740.85 million during the quarter, compared to analyst estimates of $728.78 million. During the same period last year, the company earned $2.42 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Equities analysts forecast that Nordson Corporation will post 11.59 EPS for the current year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 19th. Nordson’s dividend payout ratio (DPR) is currently 34.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NDSN shares. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. BNP Paribas Exane raised their price objective on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Robert W. Baird raised their price objective on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, KeyCorp raised their price objective on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.

About Nordson

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.