Van ECK Associates Corp Cuts Position in Nordson Corporation $NDSN

Key Points

• Van ECK Associates reduced its stake in Nordson by 2.4% in Q3, selling 18,628 shares and now owning 743,386 shares (about 1.32% of the company) valued at roughly $168.7 million.
• Company insiders have been active sellers recently: EVP Joseph P. Kelley sold 8,725 shares and CEO Sundaram Nagarajan sold 41,800 shares, with insiders disposing of 73,577 shares worth about $21.48 million in the last three months.
• Nordson slightly beat quarterly EPS estimates ($2.37 vs. $2.36) with revenue up 8.8%, issued FY2026 guidance of 11.00–11.60 EPS, and declared a quarterly dividend of $0.82 (annualized yield ~1.2%).

Van ECK Associates Corp reduced its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743,386 shares of the industrial products company's stock after selling 18,628 shares during the period. Van ECK Associates Corp owned approximately 1.32% of Nordson worth $168,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson in the 2nd quarter worth $31,000. Quent Capital LLC bought a new position in shares of Nordson in the third quarter worth about $32,000. MUFG Securities EMEA plc bought a new stake in shares of Nordson during the second quarter valued at approximately $34,000. Root Financial Partners LLC purchased a new stake in Nordson in the 3rd quarter worth $36,000. Finally, SJS Investment Consulting Inc. boosted its stake in Nordson by 3,180.0% during the third quarter. SJS Investment Consulting Inc. now owns 164 shares of the industrial products company's stock valued at $37,000 after buying an additional 159 shares during the last quarter. Institutional investors own 72.11% of the company's stock.

Insider Buying and Selling

In related news, EVP Joseph P. Kelley sold 8,725 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $293.04, for a total transaction of $2,556,774.00. Following the transaction, the executive vice president owned 7,268 shares of the company's stock, valued at approximately $2,129,814.72. This represents a 54.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundaram Nagarajan sold 41,800 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $293.26, for a total value of $12,258,268.00. Following the transaction, the chief executive officer owned 64,824 shares of the company's stock, valued at $19,010,286.24. This trade represents a 39.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 73,577 shares of company stock worth $21,484,216. 0.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Nordson in a research note on Monday, December 29th. Robert W. Baird increased their price target on Nordson from $278.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Vertical Research raised Nordson from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a research report on Monday, December 15th. Oppenheimer increased their price objective on Nordson from $285.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Finally, KeyCorp upped their target price on Nordson from $295.00 to $325.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and an average target price of $311.50.

Nordson Stock Up 0.4%

NDSN stock opened at $272.46 on Wednesday. The firm has a market cap of $15.20 billion, a PE ratio of 29.42, a PEG ratio of 1.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 2.72. Nordson Corporation has a one year low of $165.03 and a one year high of $305.28. The firm's 50 day moving average price is $276.85 and its 200-day moving average price is $247.86.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01. Nordson had a net margin of 18.39% and a return on equity of 19.73%. The firm had revenue of $669.46 million for the quarter, compared to analyst estimates of $652.68 million. During the same period in the previous year, the firm earned $2.06 EPS. Nordson's revenue was up 8.8% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, equities research analysts anticipate that Nordson Corporation will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, March 19th. Nordson's dividend payout ratio (DPR) is 35.42%.

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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