ProShare Advisors LLC Sells 5,019 Shares of Nordson Corporation $NDSN

ProShare Advisors LLC trimmed its position in shares of Nordson Corporation (NASDAQ:NDSN) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 572,696 shares of the industrial products company’s stock after selling 5,019 shares during the period. ProShare Advisors LLC’s holdings in Nordson were worth $187,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of Nova Scotia acquired a new stake in Nordson during the second quarter worth about $3,908,000. HighTower Advisors LLC increased its position in Nordson by 6.8% during the second quarter. HighTower Advisors LLC now owns 38,317 shares of the industrial products company’s stock worth $11,560,000 after buying an additional 2,431 shares during the period. Saudi Central Bank increased its position in Nordson by 89.5% during the 2nd quarter. Saudi Central Bank now owns 3,709 shares of the industrial products company’s stock worth $1,119,000 after purchasing an additional 1,752 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Nordson in the second quarter valued at $3,462,000. Finally, Hsbc Holdings PLC grew its position in shares of Nordson by 35.7% during the second quarter. Hsbc Holdings PLC now owns 131,447 shares of the industrial products company’s stock worth $39,689,000 after buying an additional 34,564 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Performance

Shares of NDSN opened at $322.67 on Friday. The stock has a 50-day moving average of $323.46 and a two-hundred day moving average of $294.90. Nordson Corporation has a one year low of $223.29 and a one year high of $339.12. The stock has a market cap of $17.97 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82.

Nordson (NASDAQ:NDSN) last released its quarterly 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. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the company earned $2.73 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts predict that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were issued a dividend of $0.94 per share. This is an increase from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson’s payout ratio is 38.02%.

Insider Activity at Nordson

In related news, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the sale, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NDSN shares. Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Oppenheimer raised their target price on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Robert W. Baird boosted their target price on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Finally, KeyCorp reissued a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

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.