Gotham Asset Management LLC Has $47.44 Million Holdings in Nordson Corporation $NDSN

Gotham Asset Management LLC boosted its stake in Nordson Corporation (NASDAQ:NDSN) by 73.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,020 shares of the industrial products company’s stock after purchasing an additional 88,784 shares during the quarter. Gotham Asset Management LLC owned about 0.37% of Nordson worth $47,437,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Nordson during the 2nd quarter worth about $139,218,000. JPMorgan Chase & Co. increased its stake in shares of Nordson by 110.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock valued at $163,093,000 after acquiring an additional 376,395 shares during the last quarter. State Street Corp raised its position in shares of Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after acquiring an additional 133,229 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Nordson in the 3rd quarter valued at approximately $28,493,000. Finally, Squarepoint Ops LLC boosted its stake in Nordson by 501.5% during the 2nd quarter. Squarepoint Ops LLC now owns 80,053 shares of the industrial products company’s stock worth $17,161,000 after acquiring an additional 66,744 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NDSN. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. DA Davidson set a $335.00 price target on shares of Nordson in a research report on Monday, February 23rd. KeyCorp boosted their price target on shares of Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Jefferies Financial Group restated a “hold” rating and issued a $300.00 price objective on shares of Nordson in a research report on Monday, February 23rd. Finally, Vertical Research raised Nordson from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $311.50.

Nordson Stock Performance

Shares of NDSN stock opened at $267.57 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 2.72. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $305.28. The company’s 50 day moving average price is $278.59 and its two-hundred day moving average price is $248.79. The company has a market capitalization of $14.93 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.81 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 for the quarter, beating the consensus estimate of $2.36 by $0.01. Nordson had a net margin of 18.39% and a return on equity of 19.73%. The company had revenue of $669.46 million during the quarter, compared to analysts’ expectations of $652.68 million. During the same quarter in the prior year, the company earned $2.06 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, analysts expect that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $3.28 dividend on an annualized basis and a yield of 1.2%. Nordson’s dividend payout ratio is presently 35.42%.

Insider Transactions at Nordson

In other Nordson news, 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 in the company, valued at approximately $2,186,894.29. This represents a 75.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundaram Nagarajan sold 41,800 shares of Nordson stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $293.26, for a total value of $12,258,268.00. Following the completion of the sale, the chief executive officer directly owned 64,824 shares in the company, valued at $19,010,286.24. This represents a 39.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 73,577 shares of company stock valued at $21,484,216. Corporate insiders own 0.84% of the company’s stock.

Nordson 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.