1,885 Shares in Nordson Corporation $NDSN Bought by StoneX Group Inc.

StoneX Group Inc. bought a new stake in shares of Nordson Corporation (NASDAQ:NDSN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,885 shares of the industrial products company’s stock, valued at approximately $599,000.

Several other large investors have also recently made changes to their positions in the business. Bank of Nova Scotia bought a new stake in Nordson in the second quarter worth $3,908,000. Saudi Central Bank increased its holdings in shares of Nordson by 89.5% during the second quarter. Saudi Central Bank now owns 3,709 shares of the industrial products company’s stock valued at $1,119,000 after acquiring an additional 1,752 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Nordson by 6.8% during the second quarter. HighTower Advisors LLC now owns 38,317 shares of the industrial products company’s stock valued at $11,560,000 after acquiring an additional 2,431 shares in the last quarter. Allworth Financial LP bought a new position in shares of Nordson during the second quarter valued at $3,462,000. Finally, Hsbc Holdings PLC raised its position in shares of Nordson by 35.7% in the 2nd quarter. Hsbc Holdings PLC now owns 131,447 shares of the industrial products company’s stock worth $39,689,000 after purchasing an additional 34,564 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. KeyCorp reissued a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Robert W. Baird raised their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Weiss Ratings raised shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Insiders Place Their Bets

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,273 shares of company stock valued at $743,247. 0.84% of the stock is owned by insiders.

Nordson Stock Performance

Shares of NDSN opened at $329.23 on Thursday. The company has a market cap of $18.34 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.99. The business’s fifty day simple moving average is $322.70 and its two-hundred day simple moving average is $297.04. Nordson Corporation has a 12 month low of $223.29 and a 12 month high of $339.12. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.16. The firm had revenue of $817.67 million during 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 company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts anticipate that Nordson Corporation will post 11.86 earnings per share for the current fiscal year.

Nordson Increases Dividend

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

Nordson Profile

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency. The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.