Nordson Corporation $NDSN Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its position in Nordson Corporation (NASDAQ:NDSN) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,613 shares of the industrial products company’s stock after selling 25,507 shares during the period. Nordson comprises approximately 1.3% of Confluence Investment Management LLC’s holdings, making the stock its 25th largest position. Confluence Investment Management LLC owned approximately 0.46% of Nordson worth $83,803,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NDSN. QRG Capital Management Inc. boosted its position in shares of Nordson by 3.0% in the second quarter. QRG Capital Management Inc. now owns 3,801 shares of the industrial products company’s stock worth $1,147,000 after buying an additional 112 shares during the period. Security National Bank of SO Dak purchased a new stake in Nordson in the 2nd quarter worth about $62,000. Tidal Investments LLC boosted its position in Nordson by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 116,066 shares of the industrial products company’s stock worth $35,016,000 after acquiring an additional 1,065 shares during the period. National Pension Service grew its stake in Nordson by 25.6% during the 2nd quarter. National Pension Service now owns 10,383 shares of the industrial products company’s stock valued at $3,132,000 after acquiring an additional 2,113 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Nordson by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 7,731 shares of the industrial products company’s stock valued at $2,332,000 after purchasing an additional 623 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Nordson stock traded down $0.23 during trading hours on Thursday, reaching $327.62. 74,329 shares of the company were exchanged, compared to its average volume of 391,296. Nordson Corporation has a 12 month low of $223.29 and a 12 month high of $339.12. 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 stock has a 50-day moving average of $314.38 and a 200 day moving average of $293.50. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.14 and a beta of 0.97.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. During the same period in the previous year, the company earned $2.73 earnings per share. Nordson’s revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts anticipate that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio is currently 38.02%.

Analyst Ratings Changes

A number of brokerages recently commented on NDSN. DA Davidson reaffirmed a “buy” rating and set a $345.00 price objective on shares of Nordson in a research report on Thursday, August 20th. Weiss Ratings raised shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. KeyCorp reiterated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Oppenheimer boosted their target price on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.57.

Insider Activity at Nordson

In other news, CAO Joseph M. Rutledge sold 684 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the transaction, the chief accounting officer directly owned 2,134 shares in the company, valued at $660,216.92. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,273 shares of company stock worth $743,247 in the last 90 days. 0.84% of the stock is owned by company insiders.

Nordson Company Profile

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.