Nordson Corporation $NDSN Shares Purchased by Saudi Central Bank

Saudi Central Bank boosted its position in Nordson Corporation (NASDAQ:NDSN) by 89.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,709 shares of the industrial products company’s stock after buying an additional 1,752 shares during the period. Saudi Central Bank’s holdings in Nordson were worth $1,119,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NDSN. Clearstead Trust LLC purchased a new stake in shares of Nordson in the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. purchased a new position in Nordson during the second quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Nordson in the second quarter valued at about $33,000. CYBER HORNET ETFs LLC acquired a new stake in Nordson in the second quarter valued at about $31,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Nordson by 2,400.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Buying and Selling

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the firm’s 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 completion of the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business’s 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 transaction, the executive vice president directly owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. KeyCorp reissued a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Robert W. Baird increased their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Finally, 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. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Stock Performance

Shares of NDSN stock opened at $313.94 on Thursday. The stock has a fifty day moving average price of $305.63 and a 200 day moving average price of $289.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The stock has a market cap of $17.49 billion, a PE ratio of 31.74, a P/E/G ratio of 2.06 and a beta of 0.97. Nordson Corporation has a 1 year low of $220.47 and a 1 year high of $339.12.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results 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 business had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts forecast that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be 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 is Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. Nordson’s dividend payout ratio is 33.16%.

Nordson Company Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.