Sanctuary Advisors LLC Buys Shares of 13,539 Nordson Corporation $NDSN

Sanctuary Advisors LLC purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,539 shares of the industrial products company's stock, valued at approximately $4,085,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Syon Capital LLC raised its stake in Nordson by 4.0% in the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 41 shares during the period. Hantz Financial Services Inc. boosted its position in Nordson by 43.4% during the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company's stock worth $37,000 after purchasing an additional 46 shares during the period. Norinchukin Bank The increased its stake in shares of Nordson by 1.9% in the third quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company's stock worth $700,000 after purchasing an additional 57 shares in the last quarter. Wealth Alliance LLC increased its stake in shares of Nordson by 5.0% in the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company's stock worth $371,000 after purchasing an additional 66 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Nordson by 4.8% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,517 shares of the industrial products company's stock valued at $365,000 after purchasing an additional 69 shares during the period. Institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NDSN. KeyCorp restated a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Robert W. Baird boosted 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. Weiss Ratings upgraded Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, June 29th. DA Davidson restated a "buy" rating and set a $345.00 target price on shares of Nordson in a research report on Thursday, August 20th. Finally, Oppenheimer raised their price target on Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and an average price target of $326.57.

Nordson Trading Down 0.1%

Shares of Nordson stock opened at $333.58 on Wednesday. Nordson Corporation has a 12-month low of $220.06 and a 12-month high of $338.55. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 2.17 and a beta of 0.96. 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 company's 50-day moving average price is $300.48 and its 200-day moving average price is $287.87.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating analysts' consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. Nordson's revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts expect that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson's dividend payout ratio (DPR) is presently 33.16%.

Nordson 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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