Nordson (NASDAQ:NDSN) CAO Joseph Rutledge Sells 684 Shares of Stock

Nordson Corporation (NASDAQ:NDSN) CAO Joseph Rutledge sold 684 shares of Nordson stock in a transaction on 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 of the company’s stock, valued at $660,216.92. This represents a 24.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Nordson Stock Performance

Shares of NDSN opened at $309.02 on Thursday. Nordson Corporation has a 12-month low of $220.47 and a 12-month high of $339.12. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.21 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.97. The stock has a 50-day moving average price of $307.72 and a 200-day moving average price of $290.57.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.16. The company had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. Nordson’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period 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. As a group, equities analysts forecast that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be given a dividend of $0.94 per share. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. Nordson’s dividend payout ratio is currently 38.02%.

Analyst Ratings Changes

A number of analysts recently weighed in on NDSN shares. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Robert W. Baird lifted their price target on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Sunday. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Finally, Oppenheimer increased their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average price target of $326.57.

Hedge Funds Weigh In On Nordson

Several institutional investors and hedge funds have recently bought and sold shares of NDSN. Bank of Nova Scotia bought a new stake in Nordson during the 2nd quarter valued at about $3,908,000. New York Life Investment Management LLC boosted its stake in shares of Nordson by 64.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock worth $2,895,000 after acquiring an additional 4,737 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Nordson during the 4th quarter valued at $1,426,000. Reflection Asset Management purchased a new stake in shares of Nordson in the 4th quarter worth $1,460,000. Finally, Jefferies Financial Group Inc. bought a new position in Nordson in the 4th quarter worth $4,626,000. 72.11% of the stock is currently owned by institutional investors.

About Nordson

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.