2,433 Nordson Corporation $NDSN Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 134.0% in the third quarter, HoldingsChannel.com reports. The fund owned 4,249 shares of the industrial products company’s stock after acquiring an additional 2,433 shares during the period. Vise Technologies Inc.’s holdings in Nordson were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. XXEC Inc. purchased a new position in Nordson in the second quarter worth $896,378,000. BlackRock Inc. bought a new position in Nordson in the 2nd quarter valued at $1,248,447,000. Bank of New York Mellon Corp purchased a new stake in shares of Nordson during the 2nd quarter valued at $127,230,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Nordson during the 2nd quarter valued at $95,993,000. Finally, Deutsche Bank AG purchased a new stake in shares of Nordson during the 2nd quarter valued at $89,393,000. 72.11% of the stock is currently owned by institutional investors.

Insider Transactions at Nordson

In related news, EVP Daniel Hopgood sold 1,329 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the sale, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. The trade was a 21.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph M. Rutledge sold 684 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total transaction of $211,615.92. Following the sale, the chief accounting officer directly owned 2,134 shares in the company, valued at approximately $660,216.92. This trade represents a 24.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is owned by company insiders.

Nordson Price Performance

Nordson stock opened at $309.86 on Friday. The business’s 50 day simple moving average is $322.35 and its 200 day simple moving average is $296.24. Nordson Corporation has a 12 month low of $223.29 and a 12 month high of $339.12. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.87 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. The business had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts forecast that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders 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 1.2%. The ex-dividend date was Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio is currently 38.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NDSN shares. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. DA Davidson restated a “buy” rating and set a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird lifted their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, KeyCorp reaffirmed a “buy” rating 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 issued a Hold rating to the company. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.57.

Nordson Profile

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency.

The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.

Founded in 1954, Nordson serves customers worldwide across industries including packaging, electronics, automotive, medical, and consumer products.