Insider Selling: Nordson (NASDAQ:NDSN) CAO Sells $211,615.92 in Stock

Nordson Corporation (NASDAQ:NDSN) CAO Joseph Rutledge sold 684 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total value of $211,615.92. Following the completion of the transaction, the chief accounting officer directly owned 2,134 shares of the company’s stock, valued at $660,216.92. The trade was a 24.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nordson Stock Down 0.1%

Nordson stock opened at $311.57 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The stock has a market capitalization of $17.35 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.03 and a beta of 0.97. The business has a 50 day simple moving average of $308.73 and a 200-day simple moving average of $290.85. Nordson Corporation has a 12 month low of $220.47 and a 12 month high of $339.12.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts anticipate that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. Nordson’s dividend payout ratio (DPR) is 38.02%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NDSN. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Robert W. Baird boosted their price objective on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. KeyCorp reissued a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Oppenheimer raised their target price on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Finally, Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.57.

Institutional Trading of Nordson

Hedge funds have recently bought and sold shares of the business. XXEC Inc. purchased a new stake in shares of Nordson in the second quarter valued at approximately $896,378,000. BlackRock Inc. purchased a new position in Nordson during the second quarter worth approximately $1,248,447,000. Norges Bank purchased a new position in Nordson during the fourth quarter worth approximately $191,654,000. Bank of New York Mellon Corp acquired a new position in Nordson during the second quarter worth $127,230,000. Finally, Caisse de depot et placement du Quebec acquired a new position in Nordson during the second quarter worth $95,993,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Company Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.