Huntington National Bank Trims Stake in Nordson Corporation $NDSN

Huntington National Bank reduced its position in shares of Nordson Corporation (NASDAQ:NDSN) by 51.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,695 shares of the industrial products company’s stock after selling 1,765 shares during the period. Huntington National Bank’s holdings in Nordson were worth $408,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in Nordson by 70.8% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 51 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Nordson during the 2nd quarter worth $31,000. Hantz Financial Services Inc. increased its holdings in Nordson by 43.4% during the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 46 shares during the period. MUFG Securities EMEA plc purchased a new position in Nordson during the 2nd quarter worth $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in Nordson by 398.2% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 284 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 227 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Nordson Trading Down 0.3%

Shares of NASDAQ:NDSN opened at $287.33 on Friday. Nordson Corporation has a 12-month low of $205.17 and a 12-month high of $305.28. The business’s fifty day simple moving average is $276.96 and its 200-day simple moving average is $266.17. The company has a market capitalization of $16.01 billion, a PE ratio of 30.63, a P/E/G ratio of 1.92 and a beta of 0.99. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.04. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The business had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same period last year, the business posted $2.42 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. As a group, equities research analysts predict that Nordson Corporation will post 11.59 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th were issued a $0.82 dividend. The ex-dividend date was Thursday, March 19th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s dividend payout ratio (DPR) is currently 34.97%.

Analyst Ratings Changes

NDSN has been the topic of several research reports. DA Davidson raised their price objective on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas Exane raised their price objective on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Oppenheimer raised their price objective on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird raised their price objective on Nordson from $278.00 to $314.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target on shares of Nordson in a report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average price target of $311.29.

Insiders Place Their Bets

In other news, EVP Justin E. Hall sold 716 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total value of $197,487.12. Following the completion of the sale, the executive vice president owned 1,515 shares of the company’s stock, valued at $417,867.30. This trade represents a 32.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Srinivas Subramanian sold 3,100 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $280.00, for a total value of $868,000.00. Following the completion of the sale, the executive vice president directly owned 6,407 shares of the company’s stock, valued at $1,793,960. The trade was a 32.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.