Nordson Corporation $NDSN Stock Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK cut its Nordson stake by 32.6% in the third quarter, selling 25,539 shares and retaining 52,716 shares worth about $17.3 million.
• Nordson beat quarterly earnings and revenue estimates, reporting EPS of $3.25 and revenue of $817.7 million; revenue rose 10.3% year over year.
• The company raised its quarterly dividend from $0.82 to $0.94 per share, equivalent to an annualized yield of about 1.2%.

AEGON ASSET MANAGEMENT UK Plc reduced its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,716 shares of the industrial products company's stock after selling 25,539 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.09% of Nordson worth $17,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDSN. AlphaCore Capital LLC increased its position in shares of Nordson by 95.2% in the 3rd quarter. AlphaCore Capital LLC now owns 2,124 shares of the industrial products company's stock valued at $698,000 after purchasing an additional 1,036 shares during the last quarter. Clear Wave Wealth Management LLC acquired a new position in shares of Nordson during the third quarter worth $213,000. Fulcrum Asset Management LLP acquired a new position in shares of Nordson during the third quarter worth $52,000. Allspring Global Investments Holdings LLC grew its stake in shares of Nordson by 15.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,050 shares of the industrial products company's stock worth $1,004,000 after purchasing an additional 412 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in Nordson by 3.0% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 1,498 shares of the industrial products company's stock valued at $491,000 after buying an additional 44 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nordson

In related 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 directly owned 2,134 shares of the company's stock, valued at $660,216.92. This trade represents a 24.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer McDonough sold 260 shares of Nordson stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction of $87,360.00. Following the completion of the transaction, the executive vice president owned 6,346 shares in the company, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,273 shares of company stock worth $743,247 over the last 90 days. 0.84% of the stock is currently owned by insiders.

Nordson Stock Performance

Shares of Nordson stock opened at $323.84 on Tuesday. The firm's fifty day simple moving average is $322.33 and its 200-day simple moving average is $296.50. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.99 and a beta of 0.99. Nordson Corporation has a 12 month low of $223.29 and a 12 month high of $339.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. During the same period last year, the firm posted $2.73 EPS. Nordson's revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts forecast that Nordson Corporation will post 11.86 earnings per share for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were issued a $0.94 dividend. The ex-dividend date of this dividend was Thursday, September 10th. 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 dividend yield of 1.2%. Nordson's dividend payout ratio is presently 38.02%.

Analyst Ratings Changes

NDSN has been the subject of several analyst reports. KeyCorp reaffirmed a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. 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 boosted their target price on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. Weiss Ratings upgraded shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen cut shares of Nordson from a "buy" rating to a "hold" rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.57.

Nordson Profile

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency.

The company's offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.

Founded in 1954, Nordson serves customers worldwide across industries including packaging, electronics, automotive, medical, and consumer products.

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