Truist Financial Corp Trims Holdings in Nordson Corporation $NDSN

Truist Financial Corp decreased its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 38.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,748 shares of the industrial products company’s stock after selling 17,234 shares during the quarter. Truist Financial Corp’s holdings in Nordson were worth $6,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NDSN. Private Trust Co. NA lifted its position in Nordson by 70.8% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Nordson during the second quarter worth approximately $31,000. Quent Capital LLC purchased a new position in Nordson during the third quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new stake in Nordson in the second quarter valued at $34,000. Finally, Root Financial Partners LLC purchased a new stake in Nordson in the third quarter valued at $36,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NASDAQ:NDSN opened at $283.53 on Friday. The business’s fifty day moving average price is $275.67 and its two-hundred day moving average price is $260.88. The stock has a market cap of $15.82 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 2.72. Nordson Corporation has a one year low of $191.99 and a one year high of $305.28.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. The firm had revenue of $669.46 million for the quarter, compared to analysts’ expectations of $652.68 million. Nordson had a return on equity of 19.73% and a net margin of 18.39%.Nordson’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, analysts forecast that Nordson Corporation will post 11.41 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders 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 1.2%. The ex-dividend date of this dividend was Thursday, March 19th. Nordson’s dividend payout ratio is currently 35.42%.

Insiders Place Their Bets

In other Nordson news, CEO Sundaram Nagarajan sold 41,800 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total transaction of $12,258,268.00. Following the transaction, the chief executive officer owned 64,824 shares of the company’s stock, valued at $19,010,286.24. This represents a 39.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 6,407 shares in the company, valued at $1,793,960. This trade represents a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 77,393 shares of company stock worth $22,549,703. 0.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer lifted their target price on Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Robert W. Baird boosted their target price on Nordson from $278.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price objective on shares of Nordson in a research report on Monday, February 23rd. KeyCorp boosted their target price on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, DA Davidson set a $335.00 price objective on Nordson in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $311.50.

Nordson Profile

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.