Rep. Robert Bresnahan, Jr. Sells Off Shares of Nordson Co. (NASDAQ:NDSN)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Nordson Co. NASDAQ: NDSN. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Nordson stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Nordson Stock Performance

Shares of NDSN traded down $1.48 during trading hours on Friday, hitting $192.62. The company's stock had a trading volume of 251,359 shares, compared to its average volume of 305,303. The business has a 50 day simple moving average of $193.77 and a two-hundred day simple moving average of $217.22. Nordson Co. has a 52-week low of $165.03 and a 52-week high of $279.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.65 and a beta of 0.90.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The business had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. On average, equities analysts expect that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, March 20th. Nordson's dividend payout ratio (DPR) is presently 39.69%.

Institutional Trading of Nordson

A number of hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Nordson by 86.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 89 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock valued at $41,000 after buying an additional 54 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Nordson by 26.1% in the fourth quarter. UMB Bank n.a. now owns 251 shares of the industrial products company's stock worth $53,000 after buying an additional 52 shares during the period. Tortoise Investment Management LLC boosted its holdings in Nordson by 73.7% during the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 115 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Nordson in the 4th quarter worth approximately $62,000. Institutional investors own 72.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NDSN. BNP Paribas cut Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a research report on Monday, February 24th. Loop Capital raised shares of Nordson from a "hold" rating to a "buy" rating and raised their price target for the company from $255.00 to $280.00 in a report on Wednesday, January 22nd. Finally, KeyCorp lowered their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nordson presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.20.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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