Nordson Corporation $NDSN Stock Holdings Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 19.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,876 shares of the industrial products company’s stock after selling 22,542 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nordson were worth $31,105,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NDSN. Clearstead Trust LLC acquired a new position in shares of Nordson in the 2nd quarter valued at $25,000. Keating Financial Advisory Services Inc. purchased a new position in Nordson in the 2nd quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Nordson during the 2nd quarter worth about $33,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Nordson during the 3rd quarter worth about $33,000. Finally, Fortitude Family Office LLC lifted its stake in 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 buying an additional 89 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NDSN has been the subject of a number of analyst reports. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Robert W. Baird boosted their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Finally, KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Five equities 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, Nordson presently has an average rating of “Moderate Buy” and an average target price of $326.57.

Insider Activity at Nordson

In related news, EVP Jennifer McDonough sold 260 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. The trade was 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 the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the transaction, the executive vice president owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,273 shares of company stock valued at $743,247. Corporate insiders own 0.84% of the company’s stock.

Nordson Trading Down 3.9%

Shares of NASDAQ NDSN opened at $318.71 on Friday. Nordson Corporation has a one year low of $223.29 and a one year high of $339.12. The firm has a market capitalization of $17.75 billion, a PE ratio of 32.23, a PEG ratio of 2.15 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $322.32 and a two-hundred day moving average price of $300.55.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.16. The company had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts predict that Nordson Corporation will post 11.86 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors 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. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, September 10th. Nordson’s dividend payout ratio is 38.02%.

Nordson 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.