Nordson Corporation $NDSN Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 29.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,252 shares of the industrial products company's stock after selling 89,786 shares during the period. Bank of America Corp DE owned 0.39% of Nordson worth $57,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of Nordson by 70.8% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 51 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Nordson in the second quarter valued at approximately $31,000. MUFG Securities EMEA plc purchased a new stake in Nordson in the second quarter valued at approximately $34,000. Hantz Financial Services Inc. increased its holdings in Nordson by 43.4% in the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company's stock worth $37,000 after buying an additional 46 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Nordson in the 4th quarter worth approximately $40,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Up 0.9%

Nordson stock opened at $311.36 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. Nordson Corporation has a 12 month low of $210.88 and a 12 month high of $315.68. The stock's 50 day simple moving average is $294.08 and its two-hundred day simple moving average is $284.80. The firm has a market cap of $17.35 billion, a PE ratio of 33.19, a P/E/G ratio of 2.05 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last posted its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The firm had revenue of $740.85 million during the quarter, compared to analyst estimates of $728.78 million. During the same period in the previous year, the firm earned $2.42 EPS. The business's quarterly revenue was up 8.5% on a year-over-year basis. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Analysts anticipate that Nordson Corporation will post 11.59 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson's dividend payout ratio is currently 34.97%.

Wall Street Analyst Weigh In

NDSN has been the subject of several research reports. Weiss Ratings upgraded shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. DA Davidson raised their target price on shares of Nordson from $335.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. BNP Paribas Exane boosted their target price on shares of Nordson from $285.00 to $290.00 and gave the company a "neutral" rating in a research report on Friday, May 22nd. Oppenheimer upped their price target on shares of Nordson from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 29th. Finally, Wall Street Zen downgraded Nordson from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $311.29.

Nordson Company Profile

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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