Confluence Investment Management LLC Sells 25,507 Shares of Nordson Corporation $NDSN

Confluence Investment Management LLC trimmed its position in shares of Nordson Corporation (NASDAQ:NDSN) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,613 shares of the industrial products company’s stock after selling 25,507 shares during the period. Nordson makes up approximately 1.3% of Confluence Investment Management LLC’s holdings, making the stock its 25th largest holding. Confluence Investment Management LLC’s holdings in Nordson were worth $83,803,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NDSN. Sound Financial Strategies Group LLC grew its holdings in shares of Nordson by 4.1% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 41 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Nordson by 43.4% in the fourth 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. Wealth Alliance LLC boosted its stake in Nordson by 5.0% during the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock worth $371,000 after buying an additional 66 shares in the last quarter. Empirical Finance LLC increased its holdings in Nordson by 5.2% in the 2nd quarter. Empirical Finance LLC now owns 1,370 shares of the industrial products company’s stock valued at $413,000 after buying an additional 68 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Nordson by 23.6% in the 1st quarter. CENTRAL TRUST Co now owns 377 shares of the industrial products company’s stock valued at $100,000 after buying an additional 72 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NASDAQ:NDSN traded down $0.23 during trading on Thursday, reaching $327.62. The stock had a trading volume of 74,329 shares, compared to its average volume of 391,296. The stock has a market capitalization of $18.25 billion, a PE ratio of 33.08, a P/E/G ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. Nordson Corporation has a 52 week low of $223.29 and a 52 week high of $339.12. The business’s 50-day moving average price is $314.38 and its 200 day moving average price is $293.50.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $779.49 million. During the same period in the prior year, the company earned $2.73 EPS. Nordson’s revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts predict that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. Nordson’s dividend payout ratio is 38.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NDSN shares. Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Insider Activity at Nordson

In related news, EVP Jennifer McDonough sold 260 shares of the company’s stock in a transaction dated 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 owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph M. Rutledge sold 684 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the sale, the chief accounting officer directly owned 2,134 shares in the company, 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 2,273 shares of company stock valued at $743,247 over the last ninety days. 0.84% of the stock is owned by insiders.

Nordson Company Profile

Nordson Corporation is a global industrial technology company that designs, manufactures and markets precision systems used to dispense, apply, coat and manage materials. Its equipment serves manufacturers in industries such as packaging, product assembly, electronics, transportation, construction, and general industrial production.

The company’s products include adhesive dispensing and application systems, coatings and sealant equipment, fluid-management components, precision metering systems, and inspection and control technologies.