Nordson Corporation $NDSN Shares Newly Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC purchased a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,511 shares of the industrial products company’s stock, valued at approximately $2,134,000.

Several other institutional investors have also recently bought and sold shares of the business. Clearstead Trust LLC acquired a new stake in Nordson in the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nordson in the second quarter valued at approximately $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Nordson in the second quarter valued at approximately $33,000. Pension & Wealth Management Advisors Inc. bought a new position in Nordson in the 3rd quarter worth approximately $33,000. Finally, Fortitude Family Office LLC raised its position 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 during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Down 2.0%

NASDAQ:NDSN opened at $322.67 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.82 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 stock’s fifty day simple moving average is $323.46 and its 200-day simple moving average is $294.90. The firm has a market capitalization of $17.97 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.14 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. The firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts expect that Nordson Corporation will post 11.86 earnings per share for the current year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a 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 payout ratio is 38.02%.

Insider Buying and Selling

In related news, EVP Jennifer McDonough sold 260 shares of the business’s 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 completion of the transaction, the executive vice president owned 6,346 shares in the company, valued at approximately $2,132,256. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the business’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 transaction of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,273 shares of company stock valued at $743,247 in the last 90 days. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NDSN. DA Davidson reiterated a “buy” rating and issued a $345.00 price objective on shares of Nordson in a research report on Thursday, August 20th. Oppenheimer boosted their target price on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Nordson has an average rating of “Moderate Buy” and a consensus price target of $326.57.

About Nordson

Nordson Corporation (NASDAQ: NDSN) is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson’s products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.