Rockefeller Capital Management L.P. Trims Position in Nordson Corporation $NDSN

Rockefeller Capital Management L.P. lessened its holdings in Nordson Corporation (NASDAQ:NDSN) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 103,346 shares of the industrial products company’s stock after selling 6,225 shares during the period. Rockefeller Capital Management L.P.’s holdings in Nordson were worth $24,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Nordson by 314.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock worth $2,335,000 after purchasing an additional 8,268 shares during the last quarter. Marshall Wace LLP bought a new position in Nordson during the second quarter valued at approximately $8,594,000. Cerity Partners LLC grew its holdings in Nordson by 23.6% during the 2nd quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock valued at $3,027,000 after buying an additional 2,692 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Nordson by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock valued at $2,221,000 after buying an additional 244 shares in the last quarter. Finally, State Street Corp increased its stake in Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after acquiring an additional 133,229 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Shares of Nordson stock opened at $295.06 on Tuesday. The firm has a market cap of $16.44 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.96 and a beta of 0.97. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. Nordson Corporation has a 12 month low of $207.08 and a 12 month high of $305.28. The stock’s fifty day moving average price is $284.07 and its 200-day moving average price is $272.57.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.04. The firm had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $2.42 earnings per share. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, equities research analysts expect that Nordson Corporation will post 11.59 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, June 18th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 18th. Nordson’s dividend payout ratio is currently 34.97%.

Wall Street Analyst Weigh In

NDSN has been the topic of several research reports. DA Davidson boosted their price target on shares of Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. BNP Paribas Exane lifted their price objective on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded shares of Nordson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price target on shares of Nordson in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Nordson currently has an average rating of “Moderate Buy” and a consensus target price of $311.29.

Insider Activity

In other news, EVP Justin E. Hall sold 716 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $275.82, for a total transaction of $197,487.12. Following the sale, the executive vice president directly owned 1,515 shares of the company’s stock, valued at $417,867.30. The trade was a 32.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $280.00, for a total value of $868,000.00. Following the completion of the transaction, the executive vice president directly owned 6,407 shares in the company, valued at $1,793,960. This represents a 32.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.