StoneX Group Inc. Purchases 1,885 Shares of Nordson Corporation $NDSN

StoneX Group Inc. purchased a new position in Nordson Corporation (NASDAQ:NDSN) during the third quarter, HoldingsChannel reports. The firm purchased 1,885 shares of the industrial products company’s stock, valued at approximately $599,000.

A number of other hedge funds also recently bought and sold shares of the company. North Dakota State Investment Board lifted its holdings in Nordson by 2.0% in the third quarter. North Dakota State Investment Board now owns 1,615 shares of the industrial products company’s stock valued at $529,000 after acquiring an additional 32 shares during the period. Mather Group LLC. grew its stake in shares of Nordson by 3.3% during the 3rd quarter. Mather Group LLC. now owns 1,125 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 36 shares during the period. Sound Financial Strategies Group LLC grew its stake in shares of Nordson by 4.1% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 41 shares during the period. Quadrant Capital Group LLC increased its position in shares of Nordson by 2.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,158 shares of the industrial products company’s stock valued at $713,000 after purchasing an additional 56 shares during the last quarter. Finally, Wealth Alliance LLC increased its position in shares of Nordson by 5.0% during the 1st quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

NDSN has been the topic of several recent research reports. Oppenheimer increased their price objective 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. Weiss Ratings raised shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Finally, KeyCorp reiterated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.57.

Nordson Stock Performance

NASDAQ:NDSN opened at $329.23 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The stock has a 50-day simple moving average of $322.70 and a two-hundred day simple moving average of $297.04. The firm has a market capitalization of $18.34 billion, a PE ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.99. Nordson Corporation has a 52-week low of $223.29 and a 52-week high of $339.12.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The firm had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. During the same quarter last year, the company earned $2.73 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts forecast that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were paid 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 was Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is 38.02%.

Insiders Place Their Bets

In other Nordson news, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total transaction of $211,615.92. Following the transaction, the chief accounting officer owned 2,134 shares of the company’s stock, valued at $660,216.92. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,273 shares of company stock worth $743,247. Company insiders own 0.84% of the company’s stock.

Nordson Company Profile

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.