Principal Financial Group Inc. Has $57.39 Million Holdings in Nordson Corporation $NDSN

Principal Financial Group Inc. cut its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,682 shares of the industrial products company’s stock after selling 8,297 shares during the quarter. Principal Financial Group Inc.’s holdings in Nordson were worth $57,389,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NDSN. Private Trust Co. NA lifted its holdings in shares of Nordson by 70.8% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson during the second quarter worth approximately $31,000. Quent Capital LLC acquired a new position in shares of Nordson in the third quarter valued at $32,000. MUFG Securities EMEA plc acquired a new position in shares of Nordson in the second quarter valued at $34,000. Finally, Root Financial Partners LLC bought a new position in Nordson in the third quarter worth $36,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nordson news, EVP Joseph P. Kelley sold 8,725 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.04, for a total value of $2,556,774.00. Following the sale, the executive vice president directly owned 7,268 shares in the company, valued at $2,129,814.72. This represents a 54.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundaram Nagarajan sold 41,800 shares of the company’s stock in a transaction on 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 owned 64,824 shares in the company, valued at $19,010,286.24. This trade represents a 39.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 77,393 shares of company stock valued at $22,549,703. 0.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Oppenheimer raised their target price on Nordson from $285.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. DA Davidson set a $335.00 target price on Nordson in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nordson in a research report on Friday, March 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 target price on shares of Nordson in a research report on Monday, February 23rd. Finally, Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Nordson presently has an average rating of “Moderate Buy” and an average price target of $311.50.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $283.53 on Friday. The business’s fifty day moving average price is $275.67 and its two-hundred day moving average price is $260.88. Nordson Corporation has a fifty-two week low of $191.99 and a fifty-two week high of $305.28. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.72 and a quick ratio of 1.74.

Nordson (NASDAQ:NDSN) last announced 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. Nordson had a return on equity of 19.73% and a net margin of 18.39%.The firm had revenue of $669.46 million for the quarter, compared to analysts’ expectations of $652.68 million. During the same period in the prior year, the business posted $2.06 earnings per share. The business’s 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. As a group, analysts predict that Nordson Corporation will post 11.41 EPS for the current fiscal year.

Nordson Announces Dividend

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

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.