Novem Group Purchases Shares of 4,212 Nordson Corporation $NDSN

Novem Group acquired a new stake in Nordson Corporation (NASDAQ:NDSN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,212 shares of the industrial products company’s stock, valued at approximately $1,013,000.

Several other large investors also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Nordson by 4.7% during the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after buying an additional 133,229 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 period. Millennium Management LLC raised its holdings in Nordson by 61.9% in the 3rd quarter. Millennium Management LLC now owns 592,385 shares of the industrial products company’s stock valued at $134,442,000 after acquiring an additional 226,514 shares during the period. Northern Trust Corp lifted its position in Nordson by 1.2% during the third quarter. Northern Trust Corp now owns 492,080 shares of the industrial products company’s stock worth $111,678,000 after acquiring an additional 5,859 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Nordson by 12.5% during the third quarter. Raymond James Financial Inc. now owns 411,857 shares of the industrial products company’s stock worth $93,471,000 after acquiring an additional 45,641 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $282.72 on Wednesday. The company’s 50 day moving average price is $277.99 and its two-hundred day moving average price is $257.28. Nordson Corporation has a 12-month low of $176.86 and a 12-month high of $305.28. The firm has a market cap of $15.77 billion, a PE ratio of 30.53, a PEG ratio of 1.91 and a beta of 1.01. The company has a quick ratio of 1.74, a current ratio of 2.72 and a debt-to-equity ratio of 0.63.

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 analysts’ consensus estimates of $2.36 by $0.01. The company had revenue of $669.46 million during the quarter, compared to the consensus estimate of $652.68 million. Nordson had a net margin of 18.39% and a return on equity of 19.73%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. Equities research analysts predict that Nordson Corporation will post 11.41 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were issued a $0.82 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $3.28 annualized dividend and a yield of 1.2%. Nordson’s payout ratio is currently 35.42%.

Insider Buying and Selling

In other news, EVP Joseph P. Kelley sold 23,052 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $280.00, for a total value of $868,000.00. Following the sale, the executive vice president directly owned 6,407 shares in the company, valued at approximately $1,793,960. This trade represents a 32.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,393 shares of company stock valued at $22,549,703 over the last 90 days. 0.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NDSN shares. Robert W. Baird upped their target price on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen raised 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 Nordson in a research note on Monday, February 23rd. Oppenheimer upped their price objective on Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, KeyCorp lifted their target price on Nordson from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $311.50.

About Nordson

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.