GW&K Investment Management LLC Cuts Stock Holdings in Nordson Corporation $NDSN

GW&K Investment Management LLC reduced its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 361,428 shares of the industrial products company’s stock after selling 14,808 shares during the quarter. Nordson comprises 0.7% of GW&K Investment Management LLC’s portfolio, making the stock its 27th biggest holding. GW&K Investment Management LLC’s holdings in Nordson were worth $82,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NDSN. CYBER HORNET ETFs LLC bought a new position in Nordson during the 2nd quarter worth approximately $31,000. Quent Capital LLC bought a new stake in Nordson in the third quarter valued at approximately $32,000. NewSquare Capital LLC boosted its stake in shares of Nordson by 212.0% during the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 106 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of Nordson during the second quarter valued at approximately $34,000. Finally, Root Financial Partners LLC bought a new position in shares of Nordson in the third quarter worth approximately $36,000. Institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of recent analyst reports. DA Davidson set a $335.00 price target on shares of Nordson in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Nordson in a research report on Monday, December 29th. Oppenheimer upped their price objective on shares of Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, KeyCorp boosted their price target on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $311.50.

Nordson Trading Up 0.2%

Shares of NDSN opened at $288.42 on Thursday. Nordson Corporation has a 1-year low of $165.03 and a 1-year high of $305.28. The company has a current ratio of 2.72, a quick ratio of 1.74 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $274.38 and its 200-day moving average price is $246.09. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 1.95 and a beta of 0.98.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The company had revenue of $669.46 million during the quarter, compared to the consensus estimate of $652.68 million. Nordson had a net margin of 18.39% and a return on equity of 19.73%. Nordson’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Sell-side analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Insider Activity at Nordson

In other Nordson news, CEO Sundaram Nagarajan sold 41,800 shares of the 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 completion of the transaction, the chief executive officer owned 64,824 shares in the company, valued at approximately $19,010,286.24. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph P. Kelley sold 23,052 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 7,559 shares of the company’s stock, valued at approximately $2,186,894.29. The trade was a 75.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 73,577 shares of company stock valued at $21,484,216 in the last three months. 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.