Nordson Corporation $NDSN Stock Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden reduced its Nordson stake by 4.8% in the third quarter, selling 14,177 shares; it held 279,204 shares valued at about $91.5 million afterward.
• Nordson reported quarterly results above expectations: EPS was $3.25 versus a $3.09 consensus, while revenue rose 10.3% year over year to $817.7 million. The company also raised its quarterly dividend from $0.82 to $0.94 per share.
• Analysts maintain a Moderate Buy consensus, with an average price target of $326.57. Two Nordson executives also sold shares, and insiders sold 2,273 shares worth about $743,000 over 90 days.

Boston Trust Walden Corp trimmed its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,204 shares of the industrial products company's stock after selling 14,177 shares during the period. Boston Trust Walden Corp owned about 0.50% of Nordson worth $91,537,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. XXEC Inc. acquired a new stake in Nordson during the 2nd quarter valued at $896,378,000. BlackRock Inc. purchased a new position in Nordson during the second quarter worth $1,248,447,000. Dimensional Fund Advisors LP increased its position in Nordson by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company's stock worth $120,752,000 after buying an additional 15,912 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Nordson in the second quarter worth $127,230,000. Finally, Jennison Associates LLC lifted its position in shares of Nordson by 53.8% in the first quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company's stock valued at $103,261,000 after acquiring an additional 135,757 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nordson

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president directly owned 4,758 shares of the company's stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 260 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was 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 directly owned 6,346 shares in the company, valued at approximately $2,132,256. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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.

Nordson Stock Down 0.1%

Shares of NASDAQ NDSN opened at $330.70 on Thursday. The firm has a market cap of $18.42 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. Nordson Corporation has a 1 year low of $223.29 and a 1 year high of $339.12. The firm's 50 day moving average price is $323.25 and its 200 day moving average price is $295.83.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The company had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. During the same period in the previous year, the firm posted $2.73 EPS. Nordson's revenue 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, sell-side analysts anticipate that Nordson Corporation will post 11.86 earnings per share for the current 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 given a $0.94 dividend. 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 1.1%. The ex-dividend date of this dividend was Thursday, September 10th. Nordson's dividend payout ratio (DPR) is presently 38.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NDSN shares. KeyCorp reaffirmed a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Oppenheimer lifted their price objective on Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 21st. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research note 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. Finally, Robert W. Baird upped their target price on shares of Nordson from $328.00 to $351.00 and gave the company a "neutral" rating in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Nordson has a consensus rating of "Moderate Buy" and an average target price of $326.57.

Nordson Company Profile

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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