Nordson Corporation $NDSN Stock Holdings Trimmed by Vest Financial LLC

Vest Financial LLC decreased its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,052 shares of the industrial products company’s stock after selling 3,703 shares during the quarter. Vest Financial LLC owned approximately 0.30% of Nordson worth $55,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NDSN. Clearstead Trust LLC purchased a new stake in shares of Nordson in the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nordson in the 2nd quarter valued at about $30,000. Pension & Wealth Management Advisors Inc. purchased a new position in Nordson during the 3rd quarter worth approximately $33,000. N.E.W. Advisory Services LLC purchased a new position in Nordson during the 2nd quarter worth approximately $33,000. Finally, Fortitude Family Office LLC grew its stake in Nordson by 207.0% during the 3rd quarter. Fortitude Family Office LLC now owns 132 shares of the industrial products company’s stock worth $43,000 after buying an additional 89 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several research analyst reports. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. DA Davidson restated a “buy” rating and set a $345.00 target price on shares of Nordson in a research report on Thursday, August 20th. Finally, Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Insiders Place Their Bets

In other news, EVP Daniel Hopgood sold 1,329 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president owned 4,758 shares in the company, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the sale, the chief accounting officer directly owned 2,134 shares in the company, valued at approximately $660,216.92. The trade was a 24.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is owned by insiders.

Nordson Stock Up 1.4%

Nordson stock opened at $331.54 on Thursday. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 2.12 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 stock has a 50 day moving average of $322.14 and a two-hundred day moving average of $300.16. Nordson Corporation has a twelve month low of $223.29 and a twelve month high of $339.12.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The business had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. During the same quarter in the prior year, the business earned $2.73 earnings per share. The company’s quarterly revenue 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 expect that Nordson Corporation will post 11.86 earnings per share for the current year.

Nordson Increases Dividend

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

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.