Nordson Corporation $NDSN Stock Sold by Candriam S.C.A.

Candriam S.C.A. lessened its position in Nordson Corporation (NASDAQ:NDSN) by 77.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 725 shares of the industrial products company’s stock after selling 2,549 shares during the quarter. Candriam S.C.A.’s holdings in Nordson were worth $239,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NDSN. XXEC Inc. purchased a new position in Nordson during the 2nd quarter valued at about $896,378,000. BlackRock Inc. purchased a new position in shares of Nordson in the second quarter valued at approximately $1,248,447,000. Dimensional Fund Advisors LP boosted its stake in shares of Nordson by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock valued at $120,752,000 after purchasing an additional 15,912 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Nordson in the second quarter valued at approximately $127,230,000. Finally, Jennison Associates LLC grew its holdings in shares of Nordson by 53.8% in the first quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock valued at $103,261,000 after purchasing an additional 135,757 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, EVP Daniel Hopgood sold 1,329 shares of Nordson 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 approximately $1,590,551.82. The trade was a 21.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph M. Rutledge sold 684 shares of the company’s stock in a transaction 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 $660,216.92. This represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Analysts Set New Price Targets

NDSN has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Oppenheimer lifted 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. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Stock Up 1.3%

Shares of NASDAQ:NDSN opened at $329.23 on Thursday. The stock has a market cap of $18.34 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.99. The firm has a fifty day moving average price of $322.70 and a 200 day moving average price of $297.04. 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 1-year low of $223.29 and a 1-year high of $339.12.

Nordson (NASDAQ:NDSN) last announced its 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. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. During the same quarter in the prior year, the firm earned $2.73 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. 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 given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s payout ratio is 38.02%.

About Nordson

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.