Nordson Corporation $NDSN Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 572,696 shares of the industrial products company’s stock after selling 5,019 shares during the period. ProShare Advisors LLC owned 1.03% of Nordson worth $187,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Nova Scotia bought a new position in Nordson during the 2nd quarter worth approximately $3,908,000. HighTower Advisors LLC boosted its position in shares of Nordson by 6.8% during the 2nd quarter. HighTower Advisors LLC now owns 38,317 shares of the industrial products company’s stock valued at $11,560,000 after purchasing an additional 2,431 shares in the last quarter. Saudi Central Bank boosted its position in Nordson by 89.5% in the second quarter. Saudi Central Bank now owns 3,709 shares of the industrial products company’s stock worth $1,119,000 after purchasing an additional 1,752 shares during the last quarter. Allworth Financial LP purchased a new position in Nordson during the second quarter valued at approximately $3,462,000. Finally, Nykredit A S purchased a new position in shares of Nordson in the second quarter worth about $4,561,000. 72.11% of the stock is owned by institutional investors.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $322.67 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. The firm has a market capitalization of $17.97 billion, a PE ratio of 32.63, a PEG ratio of 2.09 and a beta of 0.99. Nordson Corporation has a 1-year low of $223.29 and a 1-year high of $339.12. The business’s 50 day moving average is $323.46 and its 200-day moving average is $294.90.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The company had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. During the same quarter last year, the firm posted $2.73 earnings per share. Nordson’s 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. Sell-side analysts predict that Nordson Corporation will post 11.86 earnings per share for the current year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is an increase from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th. Nordson’s dividend payout ratio (DPR) is presently 38.02%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Nordson

In other Nordson news, CAO Joseph M. Rutledge sold 684 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total value of $211,615.92. Following the completion of the transaction, the chief accounting officer owned 2,134 shares in the company, valued at $660,216.92. This represents a 24.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the 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 transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This represents a 21.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,273 shares of company stock worth $743,247 over the last ninety days. Insiders own 0.84% of the company’s stock.

Nordson Profile

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.