Nordson Corporation $NDSN Stock Sold by Vest Financial LLC

Vest Financial LLC cut its holdings in Nordson Corporation (NASDAQ:NDSN) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 168,052 shares of the industrial products company’s stock after selling 3,703 shares during the quarter. Vest Financial LLC’s holdings in Nordson were worth $55,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XXEC Inc. purchased a new position in Nordson in the second quarter worth $896,378,000. BlackRock Inc. purchased a new stake in shares of Nordson during the 2nd quarter worth $1,248,447,000. Dimensional Fund Advisors LP boosted its position in shares of Nordson by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock worth $120,752,000 after purchasing an additional 15,912 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Nordson during the 2nd quarter worth $127,230,000. Finally, Jennison Associates LLC grew its stake in shares of Nordson by 53.8% during the 1st quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock worth $103,261,000 after purchasing an additional 135,757 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Transactions at Nordson

In related news, CAO Joseph M. Rutledge sold 684 shares of Nordson 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jennifer McDonough sold 260 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were 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 in the company, valued at approximately $2,132,256. The trade was a 3.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,273 shares of company stock valued at $743,247 in the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

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

Nordson Price Performance

Nordson stock opened at $331.54 on Thursday. The firm has a market capitalization of $18.47 billion, a PE ratio of 33.52, a P/E/G ratio of 2.12 and a beta of 0.99. Nordson Corporation has a 52 week low of $223.29 and a 52 week high of $339.12. The firm’s 50-day simple moving average is $322.14 and its 200 day simple moving average is $300.16. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47.

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

Nordson Increases Dividend

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

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.