Nordson Corporation $NDSN Stock: Norris Perne & French LLP MI Increases Stake

Norris Perne & French LLP MI lifted its position in Nordson Corporation (NASDAQ:NDSN) by 189.5% during the 3rd quarter, Holdings Channel reports. The firm owned 52,032 shares of the industrial products company’s stock after acquiring an additional 34,057 shares during the period. Norris Perne & French LLP MI’s holdings in Nordson were worth $17,059,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NDSN. XXEC Inc. bought a new stake in Nordson during the 2nd quarter valued at $896,378,000. BlackRock Inc. bought a new stake in Nordson in the 2nd quarter worth $1,248,447,000. Bank of New York Mellon Corp purchased a new position in shares of Nordson in the second quarter valued at about $127,230,000. Caisse de depot et placement du Quebec bought a new position in shares of Nordson during the second quarter valued at about $95,993,000. Finally, Deutsche Bank AG bought a new position in shares of Nordson during the second quarter valued at about $89,393,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Up 0.0%

Shares of Nordson stock opened at $318.84 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Nordson Corporation has a 12-month low of $223.29 and a 12-month high of $339.12. The company has a market cap of $17.76 billion, a P/E ratio of 32.24, a PEG ratio of 2.07 and a beta of 0.99. The company’s fifty day simple moving average is $322.52 and its two-hundred day simple moving average is $300.68.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. During the same period last year, the company posted $2.73 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts anticipate 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. Shareholders of record on Thursday, September 10th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th. Nordson’s dividend payout ratio (DPR) is 38.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NDSN. DA Davidson reiterated a “buy” rating and set a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. Oppenheimer boosted their price target on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Robert W. Baird increased their price objective on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Finally, KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.57.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer McDonough sold 260 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the transaction, the executive vice president owned 6,346 shares in the company, valued at $2,132,256. This trade represents a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,273 shares of company stock valued at $743,247. 0.84% of the stock is currently owned by corporate insiders.

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.