2,105 Shares in Nordson Corporation $NDSN Purchased by USA Financial Formulas

USA Financial Formulas acquired a new position in Nordson Corporation (NASDAQ:NDSN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,105 shares of the industrial products company’s stock, valued at approximately $690,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWS Financial Advisors LLC raised its position in Nordson by 37.5% during the 3rd quarter. CWS Financial Advisors LLC now owns 1,189 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 324 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Nordson in the 3rd quarter worth $33,000. Assenagon Asset Management S.A. lifted its holdings in shares of Nordson by 320.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 70,706 shares of the industrial products company’s stock worth $23,181,000 after buying an additional 53,875 shares during the period. Curated Wealth Partners LLC bought a new position in shares of Nordson during the 3rd quarter worth $209,000. Finally, WealthPlan Investment Management LLC bought a new position in shares of Nordson during the 3rd quarter worth $215,000. Institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Oppenheimer lifted their price objective on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. 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. Robert W. Baird increased their target price on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Finally, DA Davidson reissued a “buy” rating and set a $345.00 target price 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Insider Transactions at Nordson

In related news, EVP Daniel Hopgood sold 1,329 shares of the firm’s stock in a transaction dated 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 owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph M. Rutledge sold 684 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total value of $211,615.92. Following the sale, the chief accounting officer directly owned 2,134 shares in the company, valued at approximately $660,216.92. The trade was a 24.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,273 shares of company stock valued at $743,247. Corporate insiders own 0.84% of the company’s stock.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $322.31 on Friday. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.09 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 company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $321.12 and a 200 day moving average of $298.55.

Nordson (NASDAQ:NDSN) last posted its earnings results 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. 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%. Nordson’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts predict that Nordson Corporation will post 11.86 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio is presently 38.02%.

Nordson 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.