Nordson (NASDAQ:NDSN) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Nordson Corporation (NASDAQ:NDSN)’s stock price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $322.88 and traded as high as $325.59. Nordson shares last traded at $324.30, with a volume of 266,251 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NDSN. Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. KeyCorp reissued a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. DA Davidson reaffirmed a “buy” rating and set a $345.00 price objective on shares of Nordson in a report on Thursday, August 20th. Finally, Robert W. Baird lifted their price objective on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Stock Performance

The firm has a 50 day simple moving average of $322.88 and a 200-day simple moving average of $293.91.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.09 by $0.16. The firm had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the prior year, the firm posted $2.73 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts anticipate that Nordson Corporation will post 11.86 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th.

Insider Transactions at Nordson

In other news, CAO Joseph M. Rutledge sold 684 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total value of $211,615.92. Following the transaction, the chief accounting officer directly owned 2,134 shares of the company’s stock, valued at $660,216.92. The trade was a 24.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president owned 4,758 shares in the company, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,273 shares of company stock valued at $743,247 in the last three months. 0.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nordson

A number of institutional investors and hedge funds have recently bought and sold shares of NDSN. BlackRock Inc. bought a new stake in shares of Nordson during the second quarter worth $1,248,447,000. XXEC Inc. acquired a new stake in shares of Nordson in the second quarter valued at $896,378,000. Bank of New York Mellon Corp bought a new position in shares of Nordson in the second quarter valued at about $127,230,000. Dimensional Fund Advisors LP raised its holdings in shares of Nordson by 3.6% in the first 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. Finally, Jennison Associates LLC raised its holdings in shares of Nordson by 53.8% in the first quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock valued at $103,261,000 after buying an additional 135,757 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Company Profile

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.