Nordson Corporation $NDSN Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its position in Nordson Corporation (NASDAQ:NDSN) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,204 shares of the industrial products company’s stock after selling 2,737 shares during the quarter. NewEdge Wealth LLC’s holdings in Nordson were worth $4,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. Norges Bank bought a new position in Nordson in the 4th quarter worth approximately $191,654,000. M&T Bank Corp increased its stake in Nordson by 10,127.9% during the 4th quarter. M&T Bank Corp now owns 586,877 shares of the industrial products company’s stock valued at $141,103,000 after buying an additional 581,139 shares during the period. Millennium Management LLC increased its stake in Nordson by 61.9% during the 3rd quarter. Millennium Management LLC now owns 592,385 shares of the industrial products company’s stock valued at $134,442,000 after buying an additional 226,514 shares during the period. Jennison Associates LLC raised its position in shares of Nordson by 539.2% during the 4th quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company’s stock worth $60,673,000 after buying an additional 212,876 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Nordson by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock worth $1,504,515,000 after acquiring an additional 186,480 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Up 1.3%

Shares of NASDAQ NDSN opened at $295.77 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.60 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 $307.74. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.94 and a beta of 0.96. The business has a fifty day simple moving average of $289.32 and a 200-day simple moving average of $281.17.

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

Nordson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were given a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. Nordson’s dividend payout ratio is presently 34.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NDSN shares. Weiss Ratings upgraded Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Oppenheimer lifted their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. DA Davidson upped their price target on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, BNP Paribas Exane raised their price objective on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average target price of $311.29.

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.