Alps Advisors Inc. Buys New Stake in Nordson Corporation $NDSN

Alps Advisors Inc. purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,880 shares of the industrial products company’s stock, valued at approximately $616,000.

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

Nordson Price Performance

Shares of NASDAQ NDSN opened at $324.74 on Friday. The company has a 50 day simple moving average of $323.04 and a two-hundred day simple moving average of $297.58. Nordson Corporation has a fifty-two week low of $223.29 and a fifty-two week high of $339.12. The company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts expect that Nordson Corporation will post 11.86 EPS for the current fiscal year.

Nordson Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NDSN. Robert W. Baird raised their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Oppenheimer increased their price objective on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. Finally, KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.57.

Insider Buying and Selling

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction 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 sale, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer McDonough sold 260 shares of Nordson stock in a transaction 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 completion of the sale, the executive vice president directly owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. The trade was a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,273 shares of company stock worth $743,247 in the last three months. Insiders own 0.84% of the company’s stock.

About Nordson

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency. The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.