The Manufacturers Life Insurance Company Sells 11,205 Shares of Nordson Corporation $NDSN

The Manufacturers Life Insurance Company reduced its position in shares of Nordson Corporation (NASDAQ:NDSN) by 28.0% in the first quarter, HoldingsChannel.com reports. The firm owned 28,850 shares of the industrial products company’s stock after selling 11,205 shares during the period. The Manufacturers Life Insurance Company’s holdings in Nordson were worth $7,676,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Roman Butler Fullerton & Co. raised its position in Nordson by 4.2% during the 4th quarter. Roman Butler Fullerton & Co. now owns 950 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 38 shares during the last quarter. Syon Capital LLC grew its position in shares of Nordson by 4.0% in the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock worth $255,000 after buying an additional 41 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Nordson by 43.4% during the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after buying an additional 46 shares during the period. Private Trust Co. NA increased its stake 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 valued at $30,000 after buying an additional 51 shares during the period. Finally, Norinchukin Bank The raised its holdings in shares of Nordson by 1.9% during the third quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock valued at $700,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 2.3%

NASDAQ NDSN opened at $309.67 on Wednesday. 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 twelve month low of $209.63 and a twelve month high of $310.56. The firm has a market capitalization of $17.25 billion, a PE ratio of 33.01, a P/E/G ratio of 2.01 and a beta of 0.96. The stock’s 50 day moving average is $291.75 and its 200 day moving average is $283.43.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.04. The business had revenue of $740.85 million during the quarter, compared to the consensus estimate of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Research analysts forecast 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 was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were given a $0.82 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s dividend payout ratio is currently 34.97%.

Analyst Upgrades and Downgrades

NDSN has been the subject of a number of research analyst reports. Oppenheimer raised their price target on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. DA Davidson raised their target price 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. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Finally, BNP Paribas Exane boosted their price target 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nordson has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.

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.