Contravisory Investment Management Inc. Takes Position in Nordson Corporation $NDSN

Contravisory Investment Management Inc. acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the 1st quarter, Holdings Channel reports. The firm acquired 4,549 shares of the industrial products company’s stock, valued at approximately $1,210,000.

Several other hedge funds have also bought and sold shares of NDSN. Ritholtz Wealth Management bought a new stake in Nordson in the first quarter valued at approximately $256,000. OP Asset Management Ltd acquired a new stake in shares of Nordson during the 1st quarter worth about $1,561,000. Assenagon Asset Management S.A. raised its holdings in Nordson by 98.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 36,160 shares of the industrial products company’s stock valued at $9,621,000 after acquiring an additional 17,939 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Nordson by 23.6% during the first quarter. CENTRAL TRUST Co now owns 377 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 72 shares during the period. Finally, Sara Bay Financial acquired a new position in shares of Nordson in the first quarter valued at approximately $213,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Oppenheimer increased their price objective on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Weiss Ratings cut shares of Nordson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. DA Davidson boosted their price objective on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, BNP Paribas Exane lifted their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.

Insiders Place Their Bets

In related news, EVP Justin E. Hall sold 716 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the sale, the executive vice president directly owned 1,515 shares in the company, valued at $417,867.30. This represents a 32.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $280.00, for a total value of $868,000.00. Following the completion of the transaction, the executive vice president owned 6,407 shares of the company’s stock, valued at $1,793,960. This represents a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.84% of the stock is currently owned by insiders.

Nordson Trading Up 2.9%

NDSN opened at $304.64 on Friday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.97 and a beta of 0.97. The company has a quick ratio of 1.65, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. Nordson Corporation has a twelve month low of $207.08 and a twelve month high of $307.74. The company has a 50-day simple moving average of $285.26 and a 200 day simple moving average of $273.81.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The company had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. During the same period in the previous year, the company earned $2.42 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Analysts predict that Nordson Corporation will post 11.59 EPS for the current fiscal year.

Nordson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s payout ratio is 34.97%.

Nordson Company Profile

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.