Nordson Corporation $NDSN Stake Lifted by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 69.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,985 shares of the industrial products company’s stock after acquiring an additional 4,087 shares during the period. Machina Capital S.A.S.’s holdings in Nordson were worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in shares of Nordson in the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Nordson in the 2nd quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Nordson in the 2nd quarter worth approximately $33,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Nordson during the third quarter valued at approximately $33,000. Finally, Fortitude Family Office LLC boosted its stake in shares of Nordson by 207.0% during the third quarter. Fortitude Family Office LLC now owns 132 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 1.3%

NASDAQ:NDSN opened at $329.23 on Thursday. Nordson Corporation has a fifty-two week low of $223.29 and a fifty-two week high of $339.12. The stock has a market capitalization of $18.34 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.96 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. The company’s 50-day simple moving average is $322.70 and its 200-day simple moving average is $297.04.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data 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 the consensus estimate of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts anticipate that Nordson Corporation will post 11.86 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.1%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th. Nordson’s payout ratio is 38.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NDSN shares. DA Davidson reissued a “buy” rating and set a $345.00 price objective on shares of Nordson in a report on Thursday, August 20th. Robert W. Baird increased their target price on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. KeyCorp reiterated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Finally, Oppenheimer boosted their price target on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Insider Buying and Selling at Nordson

In other news, EVP Jennifer L. Mcdonough sold 260 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total transaction of $87,360.00. Following the transaction, the executive vice president directly owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Joseph M. Rutledge sold 684 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total value of $211,615.92. Following the sale, the chief accounting officer owned 2,134 shares of the company’s stock, valued at approximately $660,216.92. This represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,273 shares of company stock worth $743,247 over the last three months. Corporate insiders own 0.84% of the company’s stock.

About Nordson

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency. The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.