Evexia Wealth LLC Has $4.09 Million Stock Position in Nordson Corporation $NDSN

Evexia Wealth LLC lessened its position in Nordson Corporation (NASDAQ:NDSN) by 27.2% in the third quarter, HoldingsChannel reports. The fund owned 17,753 shares of the industrial products company’s stock after selling 6,638 shares during the quarter. Nordson makes up approximately 1.2% of Evexia Wealth LLC’s holdings, making the stock its 27th largest holding. Evexia Wealth LLC’s holdings in Nordson were worth $4,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDSN. ICICI Prudential Asset Management Co Ltd increased its position in shares of Nordson by 77.5% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 14,200 shares of the industrial products company’s stock worth $3,223,000 after acquiring an additional 6,200 shares in the last quarter. Jensen Investment Management Inc. acquired a new stake in shares of Nordson in the 3rd quarter worth about $2,735,000. Rakuten Investment Management Inc. bought a new position in Nordson in the 3rd quarter valued at about $1,100,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Nordson by 2.6% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 77,813 shares of the industrial products company’s stock valued at $16,681,000 after purchasing an additional 1,972 shares during the last quarter. Finally, HORAN Wealth LLC acquired a new position in Nordson during the 3rd quarter valued at about $917,000. Institutional investors own 72.11% of the company’s stock.

Nordson Trading Down 2.9%

NASDAQ:NDSN opened at $272.84 on Friday. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $305.28. The firm has a 50-day moving average price of $275.71 and a two-hundred day moving average price of $246.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 2.72. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01. The company had revenue of $669.46 million during the quarter, compared to analyst estimates of $652.68 million. Nordson had a return on equity of 19.73% and a net margin of 18.39%.Nordson’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, equities analysts expect that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, March 19th. Nordson’s dividend payout ratio is 35.42%.

Analyst Ratings Changes

Several analysts have recently commented on NDSN shares. Vertical Research raised Nordson from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a research note on Monday, December 15th. KeyCorp lifted their target price on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Robert W. Baird increased their price target on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Jefferies Financial Group restated a “hold” rating and set a $300.00 price objective on shares of Nordson in a research note on Monday, February 23rd. Finally, Oppenheimer lifted their price objective on shares of Nordson from $285.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Nordson currently has an average rating of “Moderate Buy” and an average target price of $311.50.

Insiders Place Their Bets

In other news, EVP Joseph P. Kelley sold 23,052 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $289.31, for a total transaction of $6,669,174.12. Following the completion of the sale, the executive vice president directly owned 7,559 shares of the company’s stock, valued at $2,186,894.29. This trade represents a 75.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundaram Nagarajan sold 41,800 shares of Nordson stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total value of $12,258,268.00. Following the sale, the chief executive officer owned 64,824 shares in the company, valued at $19,010,286.24. The trade was a 39.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,577 shares of company stock valued at $21,484,216 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

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.