Amundi Reduces Stock Position in Nordson Corporation $NDSN

Amundi lowered its stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,755 shares of the industrial products company's stock after selling 3,655 shares during the period. Amundi owned 0.24% of Nordson worth $40,654,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sound Financial Strategies Group LLC raised its stake in Nordson by 4.1% during the second quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company's stock worth $312,000 after purchasing an additional 41 shares during the period. Syon Capital LLC increased its holdings in shares of Nordson by 4.0% during 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. raised its position in shares of Nordson by 43.4% during the 4th 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. Norinchukin Bank The raised its position in shares of Nordson by 1.9% during the 3rd quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company's stock valued at $700,000 after buying an additional 57 shares during the period. Finally, Wealth Alliance LLC lifted its holdings in Nordson by 5.0% in the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company's stock valued at $371,000 after acquiring an additional 66 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent analyst reports. KeyCorp reissued a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. BNP Paribas Exane upped their price target on Nordson from $285.00 to $290.00 and gave the company a "neutral" rating in a research note on Friday, May 22nd. Weiss Ratings raised Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 2nd. Oppenheimer boosted their price objective on shares of Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a report on Friday, August 21st. Finally, Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $326.57.

Nordson Price Performance

NDSN stock opened at $307.45 on Friday. The business's fifty day moving average price is $305.98 and its 200 day moving average price is $290.05. Nordson Corporation has a 12-month low of $220.47 and a 12-month high of $339.12. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.12 billion, a PE ratio of 31.09, a P/E/G ratio of 2.04 and a beta of 0.97.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business had revenue of $817.67 million for the quarter, compared to analysts' expectations of $779.49 million. During the same quarter in the prior year, the company earned $2.73 earnings per share. The business's quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts anticipate that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.94 per share. This is a boost from Nordson's previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson's dividend payout ratio (DPR) is presently 33.16%.

Insider Activity at Nordson

In other news, EVP Jennifer McDonough sold 260 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the sale, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction 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 sale, the executive vice president directly owned 4,758 shares of the company's stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company's stock.

Nordson Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.

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