Nordson Corporation $NDSN Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 20,153 Nordson shares in the third quarter, valued at approximately $6.6 million. Institutional investors collectively own 72.11% of the company.
• Nordson beat quarterly earnings and revenue estimates, reporting EPS of $3.25 and revenue of $817.67 million; revenue rose 10.3% year over year. The company guided to fiscal 2026 EPS of $11.80–$12.00.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $326.57. Nordson also raised its quarterly dividend from $0.82 to $0.94 per share.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,153 shares of the industrial products company's stock, valued at approximately $6,607,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. increased its holdings in Nordson by 134.0% during the 3rd quarter. Vise Technologies Inc. now owns 4,249 shares of the industrial products company's stock worth $1,393,000 after purchasing an additional 2,433 shares during the period. Americana Partners LLC bought a new position in shares of Nordson during the 3rd quarter worth $317,000. Avestar Capital LLC purchased a new position in shares of Nordson during the third quarter valued at $269,000. International Assets Investment Management LLC increased its stake in shares of Nordson by 816.6% during the third quarter. International Assets Investment Management LLC now owns 10,000 shares of the industrial products company's stock valued at $3,278,000 after buying an additional 8,909 shares during the period. Finally, Soltis Investment Advisors LLC bought a new stake in shares of Nordson in the third quarter valued at about $2,134,000. Institutional investors own 72.11% of the company's stock.

Insider Activity

In other news, CAO Joseph M. Rutledge sold 684 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the sale, the chief accounting officer owned 2,134 shares in the company, valued at approximately $660,216.92. This represents a 24.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares of the company's stock, valued at $1,590,551.82. The trade was a 21.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,273 shares of company stock worth $743,247. Insiders own 0.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on NDSN shares. DA Davidson reissued a "buy" rating and set a $345.00 target price on shares of Nordson in a research report on Thursday, August 20th. Robert W. Baird increased their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a "neutral" rating in a research note on Friday, August 21st. KeyCorp reissued a "buy" rating on shares of Nordson in a report on Thursday, August 20th. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Finally, Oppenheimer boosted 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. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $326.57.

Nordson Stock Down 6.1%

Shares of Nordson stock opened at $310.49 on Friday. The firm's 50 day moving average price is $322.77 and its 200-day moving average price is $296.02. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. Nordson Corporation has a 52-week low of $223.29 and a 52-week high of $339.12. The company has a market cap of $17.29 billion, a P/E ratio of 31.39, a PEG ratio of 1.99 and a beta of 0.99.

Nordson (NASDAQ:NDSN - Get Free Report) 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. The firm had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. Nordson's revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts predict that Nordson Corporation will post 11.86 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were issued a dividend of $0.94 per share. The ex-dividend date was Thursday, September 10th. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is a boost from Nordson's previous quarterly dividend of $0.82. Nordson's dividend payout ratio (DPR) is currently 38.02%.

About Nordson

Nordson Corporation NASDAQ: NDSN is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson's products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.

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