Nordson Corporation $NDSN Stock Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its Nordson stake by 26.6% in the third quarter, selling 28,103 shares and retaining 77,566 shares valued at approximately $25.4 million. Institutional investors collectively own 72.11% of the company.
• Analysts remain broadly positive, with five Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $326.57.
• Nordson reported quarterly EPS of $3.25, exceeding estimates, while revenue rose 10.3% year over year to $817.67 million. The company also raised its quarterly dividend to $0.94 per share, equivalent to a 1.1% yield.

Copeland Capital Management LLC lessened its holdings in Nordson Corporation (NASDAQ:NDSN - Free Report) by 26.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,566 shares of the industrial products company's stock after selling 28,103 shares during the period. Copeland Capital Management LLC owned 0.14% of Nordson worth $25,430,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sound Financial Strategies Group LLC increased its stake in Nordson by 4.1% in the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,033 shares of the industrial products company's stock worth $312,000 after acquiring an additional 41 shares during the last quarter. Wealth Alliance LLC raised its holdings in shares of Nordson by 5.0% in the 1st quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company's stock valued at $371,000 after acquiring an additional 66 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Nordson by 5.2% during the 2nd quarter. Empirical Finance LLC now owns 1,370 shares of the industrial products company's stock valued at $413,000 after acquiring an additional 68 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Nordson by 23.6% during the 1st quarter. CENTRAL TRUST Co now owns 377 shares of the industrial products company's stock valued at $100,000 after acquiring an additional 72 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its position in shares of Nordson by 8.7% during the 1st quarter. Patton Fund Management Inc. now owns 1,003 shares of the industrial products company's stock valued at $267,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

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 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 owned 2,134 shares of the company's stock, valued at approximately $660,216.92. This trade represents a 24.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer L. Mcdonough sold 260 shares of the 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 transaction, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. This represents a 3.94% 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NDSN shares. Robert W. Baird raised their target price 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. 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. KeyCorp reissued a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Finally, DA Davidson restated a "buy" rating and set a $345.00 price objective on shares of Nordson in a research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $326.57.

Nordson Trading Up 0.0%

Shares of NDSN stock opened at $330.58 on Wednesday. The business has a 50-day moving average price of $320.12 and a two-hundred day moving average price of $297.45. Nordson Corporation has a 12-month low of $223.29 and a 12-month high of $339.12. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.41 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.09 by $0.16. The firm had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The company's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts anticipate that Nordson Corporation will post 11.86 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.1%. This is a boost from Nordson's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, September 10th. Nordson's payout ratio is 38.02%.

About Nordson

Nordson Corporation is a global industrial technology company that designs, manufactures and markets precision systems used to dispense, apply, coat and manage materials. Its equipment serves manufacturers in industries such as packaging, product assembly, electronics, transportation, construction, and general industrial production.

The company's products include adhesive dispensing and application systems, coatings and sealant equipment, fluid-management components, precision metering systems, and inspection and control technologies.

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