2,078 Shares of Nordson Corporation $NDSN Bought by Founders Financial Securities LLC

Founders Financial Securities LLC purchased a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,078 shares of the industrial products company’s stock, valued at approximately $681,000.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC purchased a new position in Nordson in the 3rd quarter valued at approximately $321,000. Interchange Capital Partners LLC boosted its stake in shares of Nordson by 15.6% in the 3rd quarter. Interchange Capital Partners LLC now owns 911 shares of the industrial products company’s stock valued at $299,000 after buying an additional 123 shares during the period. North Dakota State Investment Board grew its position in shares of Nordson by 2.0% during the third quarter. North Dakota State Investment Board now owns 1,615 shares of the industrial products company’s stock worth $529,000 after buying an additional 32 shares in the last quarter. VestGen Advisors LLC acquired a new stake in Nordson in the third quarter valued at approximately $216,000. Finally, Apollon Wealth Management LLC raised its holdings in Nordson by 19.4% in the third quarter. Apollon Wealth Management LLC now owns 2,497 shares of the industrial products company’s stock valued at $819,000 after acquiring an additional 406 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insiders Place Their Bets

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

Nordson Stock Down 2.0%

Shares of NASDAQ:NDSN opened at $322.67 on Friday. Nordson Corporation has a 1-year low of $223.29 and a 1-year high of $339.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The stock has a market cap of $17.97 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.09 and a beta of 0.99. The firm has a fifty day moving average price of $323.46 and a 200 day moving average price of $294.90.

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

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is currently 38.02%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. KeyCorp restated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Robert W. Baird upped their price target on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Oppenheimer upped 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $326.57.

About Nordson

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.