Nordson Corporation $NDSN Shares Purchased by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI increased its Nordson stake by 189.5% in the third quarter, owning 52,032 shares valued at approximately $17.1 million. Institutional investors collectively hold 72.11% of the company.
• Analysts maintain a favorable outlook, with five Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $326.57.
• Nordson exceeded quarterly earnings and revenue expectations, reporting $3.25 in EPS and $817.67 million in revenue, while raising its quarterly dividend to $0.94 per share.

Norris Perne & French LLP MI increased its stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 189.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 52,032 shares of the industrial products company's stock after purchasing an additional 34,057 shares during the period. Norris Perne & French LLP MI owned 0.09% of Nordson worth $17,059,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. XXEC Inc. bought a new stake in shares of Nordson during the second quarter valued at about $896,378,000. BlackRock Inc. purchased a new position in Nordson during the second quarter valued at approximately $1,248,447,000. Bank of New York Mellon Corp purchased a new position in Nordson during the second quarter valued at approximately $127,230,000. Caisse de depot et placement du Quebec bought a new stake in Nordson during the 2nd quarter worth approximately $95,993,000. Finally, Deutsche Bank AG bought a new stake in Nordson during the 2nd quarter worth approximately $89,393,000. Institutional investors own 72.11% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NDSN shares. Wall Street Zen raised Nordson from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. 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 set a $345.00 target price on shares of Nordson in a research report on Thursday, August 20th. Oppenheimer boosted their price target 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. Finally, KeyCorp reissued a "buy" rating on shares of Nordson in a report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $326.57.

Nordson Price Performance

NDSN opened at $318.84 on Friday. 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 stock has a market capitalization of $17.76 billion, a P/E ratio of 32.24, a PEG ratio of 2.07 and a beta of 0.99. The stock has a 50-day moving average price of $322.52 and a 200-day moving average price of $300.68. Nordson Corporation has a 12-month low of $223.29 and a 12-month high of $339.12.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million for the quarter, compared to analysts' expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. Nordson's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that Nordson Corporation will post 11.86 earnings per share 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 $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. 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 presently 38.02%.

Insider Transactions at Nordson

In other news, EVP Jennifer McDonough sold 260 shares of the company'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 completion of the sale, the executive vice president owned 6,346 shares of the company's stock, valued at approximately $2,132,256. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph M. Rutledge sold 684 shares of the stock in a transaction 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 directly owned 2,134 shares in the company, valued at approximately $660,216.92. This represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.