2,456 Nordson Corporation $NDSN Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its holdings in Nordson Corporation (NASDAQ:NDSN) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,859 shares of the industrial products company’s stock after selling 2,456 shares during the period. Jefferies Financial Group Inc.’s holdings in Nordson were worth $8,478,000 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. Clearstead Trust LLC purchased a new stake in Nordson during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in Nordson in the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Nordson in the 2nd quarter valued at about $33,000. Pension & Wealth Management Advisors Inc. purchased a new position in Nordson in the 3rd quarter worth approximately $33,000. Finally, Fortitude Family Office LLC lifted its stake in Nordson by 207.0% in the 3rd quarter. Fortitude Family Office LLC now owns 132 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 89 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Up 1.3%

Shares of NDSN opened at $329.23 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Nordson Corporation has a 12-month low of $223.29 and a 12-month high of $339.12. The firm has a 50-day moving average price of $322.70 and a 200 day moving average price of $297.04. The firm has a market capitalization of $18.34 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.99.

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

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were paid a $0.94 dividend. 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 annualized dividend and a dividend yield of 1.1%. Nordson’s dividend payout ratio is currently 38.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NDSN shares. DA Davidson restated a “buy” rating and set a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. KeyCorp restated a “buy” rating on shares of Nordson in a research report 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. Oppenheimer boosted their price objective on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Finally, Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Insider Transactions at Nordson

In other news, EVP Jennifer L. Mcdonough sold 260 shares of Nordson stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the sale, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the transaction, the executive vice president owned 4,758 shares in the company, valued at $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,273 shares of company stock worth $743,247 in the last 90 days. Insiders own 0.84% of the company’s stock.

Nordson Company 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.