Nordson Corporation $NDSN Stock: Vise Technologies Inc. Raises Holdings

Vise Technologies Inc. lifted its position in shares of Nordson Corporation (NASDAQ:NDSN) by 134.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,249 shares of the industrial products company’s stock after buying an additional 2,433 shares during the quarter. Vise Technologies Inc.’s holdings in Nordson were worth $1,393,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NDSN. XXEC Inc. bought a new stake in Nordson during the second quarter worth $896,378,000. BlackRock Inc. bought a new stake in shares of Nordson in the second quarter worth $1,248,447,000. Dimensional Fund Advisors LP grew its position in shares of Nordson by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock valued at $120,752,000 after buying an additional 15,912 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Nordson in the second quarter valued at approximately $127,230,000. Finally, Jennison Associates LLC boosted its stake in shares of Nordson by 53.8% in the 1st quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock valued at $103,261,000 after purchasing an additional 135,757 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Down 0.2%

NDSN stock opened at $309.86 on Friday. Nordson Corporation has a twelve month low of $223.29 and a twelve month 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 stock’s 50 day moving average is $322.35 and its 200-day moving average is $296.24. The firm has a market capitalization of $17.26 billion, a PE ratio of 31.33, a P/E/G ratio of 1.87 and a beta of 0.99.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.16. The business had revenue of $817.67 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side 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. Shareholders of record on Thursday, September 10th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s payout ratio is presently 38.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird raised their price objective on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday. 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. Finally, Oppenheimer boosted 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Insider Transactions at Nordson

In related news, EVP Jennifer L. Mcdonough sold 260 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the transaction, the executive vice president directly owned 6,346 shares of the company’s stock, valued at $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $211,615.92. Following 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 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 quarter. 0.84% of the stock is currently owned by corporate insiders.

Nordson Profile

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.

Founded in 1954, Nordson serves customers worldwide across industries including packaging, electronics, automotive, medical, and consumer products.