Massachusetts Financial Services Co. MA Reduces Holdings in Nordson Corporation $NDSN

Key Points

• Massachusetts Financial Services trimmed its Nordson stake by 6.6% in Q4, selling 70,491 shares and ending the period with 996,417 shares (1.79% ownership) worth about $239.6 million.
• Significant insider selling: EVP Joseph P. Kelley sold 23,052 shares and CEO Sundaram Nagarajan sold 41,800 shares in late February, with insiders disposing of 74,293 shares (~$21.68M) in the past 90 days (insiders now own 0.84%).
• Analyst outlook and company guidance: Nordson slightly beat quarterly EPS estimates, issued FY2026 guidance of $11.00–$11.60 EPS, and carries a consensus "Moderate Buy" rating with a $311.50 target after several upgrades and higher price objectives (up to $335).

Massachusetts Financial Services Co. MA decreased its position in Nordson Corporation (NASDAQ:NDSN - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 996,417 shares of the industrial products company's stock after selling 70,491 shares during the period. Massachusetts Financial Services Co. MA owned 1.79% of Nordson worth $239,569,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NDSN. Arrowstreet Capital Limited Partnership grew its stake in shares of Nordson by 314.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company's stock valued at $2,335,000 after buying an additional 8,268 shares during the period. Marshall Wace LLP purchased a new stake in shares of Nordson in the 2nd quarter valued at approximately $8,594,000. Cerity Partners LLC grew its stake in shares of Nordson by 23.6% in the 2nd quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company's stock valued at $3,027,000 after buying an additional 2,692 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Nordson by 2.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company's stock valued at $2,221,000 after buying an additional 244 shares during the period. Finally, State Street Corp grew its stake in shares of Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company's stock valued at $636,375,000 after buying an additional 133,229 shares during the period. Hedge funds and other institutional investors own 72.11% of the company's stock.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Joseph P. Kelley sold 23,052 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $289.31, for a total value of $6,669,174.12. Following the completion of the transaction, the executive vice president owned 7,559 shares of the company's stock, valued at $2,186,894.29. This trade represents a 75.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundaram Nagarajan sold 41,800 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $293.26, for a total transaction of $12,258,268.00. Following the completion of the transaction, the chief executive officer directly owned 64,824 shares of the company's stock, valued at $19,010,286.24. This represents a 39.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 74,293 shares of company stock valued at $21,681,703 in the last 90 days. Company insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NDSN. Vertical Research raised shares of Nordson from a "hold" rating to a "buy" rating and set a $270.00 price objective for the company in a research report on Monday, December 15th. KeyCorp increased their price objective on shares of Nordson from $295.00 to $325.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Robert W. Baird increased their price objective on shares of Nordson from $278.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. DA Davidson set a $335.00 price objective on shares of Nordson in a research report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $311.50.

Nordson Stock Performance

Shares of NDSN stock opened at $275.28 on Monday. The company has a quick ratio of 1.74, a current ratio of 2.72 and a debt-to-equity ratio of 0.63. Nordson Corporation has a 52 week low of $174.59 and a 52 week high of $305.28. The stock has a market capitalization of $15.36 billion, a PE ratio of 29.73, a P/E/G ratio of 1.86 and a beta of 1.01. The firm has a 50 day moving average of $278.87 and a two-hundred day moving average of $254.75.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.36 by $0.01. Nordson had a net margin of 18.39% and a return on equity of 19.73%. The company had revenue of $669.46 million during the quarter, compared to analysts' expectations of $652.68 million. During the same quarter last year, the company posted $2.06 EPS. The firm's revenue was up 8.8% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, research analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 19th. Nordson's dividend payout ratio (DPR) is currently 35.42%.

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.

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