Engineers Gate Manager LP Sells 25,609 Shares of Nordson Corporation $NDSN

Key Points

• Engineers Gate Manager LP cut its Nordson stake by 64.4% in the second quarter, selling 25,609 shares and retaining 14,174 shares valued at approximately $4.28 million. Institutional investors collectively own 72.11% of Nordson.
• Nordson exceeded quarterly expectations, reporting $3.25 in EPS on $817.67 million in revenue, with revenue rising 10.3% year over year. The company also raised its quarterly dividend from $0.82 to $0.94 per share.
• Analysts maintain a generally positive outlook, with five Buy and three Hold ratings, producing a “Moderate Buy” consensus and a $326.57 average price target. Nordson shares opened at $314.47, near their 52-week high of $339.12.

Engineers Gate Manager LP lowered its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 64.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,174 shares of the industrial products company's stock after selling 25,609 shares during the quarter. Engineers Gate Manager LP's holdings in Nordson were worth $4,276,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in shares of Nordson during the second quarter worth $25,000. Keating Financial Advisory Services Inc. bought a new position in shares of Nordson in the second quarter worth about $30,000. CYBER HORNET ETFs LLC bought a new position in shares of Nordson in the second quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new position in Nordson in the 2nd quarter worth about $33,000. Finally, MUFG Securities EMEA plc bought a new stake in Nordson during the 2nd quarter valued at about $34,000. Institutional investors own 72.11% of the company's stock.

Insider Buying and Selling at Nordson

In other news, EVP Jennifer L. Mcdonough sold 260 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the transaction, the executive vice president directly owned 6,346 shares of the company's stock, valued at approximately $2,132,256. The trade was a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. The trade was a 21.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDSN. Wall Street Zen downgraded shares of Nordson from a "buy" rating to a "hold" rating in a research note on Sunday. Weiss Ratings raised shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 2nd. DA Davidson reiterated a "buy" rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Robert W. Baird increased their price objective on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. Finally, Oppenheimer raised their price objective on Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $326.57.

Nordson Stock Up 2.3%

Shares of Nordson stock opened at $314.47 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.04 and a beta of 0.97. The firm's 50-day moving average is $306.46 and its two-hundred day moving average is $290.22. Nordson Corporation has a 1 year low of $220.47 and a 1 year high of $339.12.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the business posted $2.73 EPS. The company's quarterly revenue was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts expect that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently announced 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 an increase from Nordson's previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 10th. Nordson's dividend payout ratio (DPR) is currently 38.02%.

About Nordson

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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