6,511 Shares of Nordson Corporation $NDSN Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC purchased a new position in Nordson Corporation (NASDAQ:NDSN) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 6,511 shares of the industrial products company’s stock, valued at approximately $2,134,000.

A number of other hedge funds also recently modified their holdings of NDSN. Clearstead Trust LLC bought a new position in shares of Nordson during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Nordson in the 2nd quarter valued at approximately $30,000. Pension & Wealth Management Advisors Inc. bought a new stake in Nordson during the 3rd quarter worth approximately $33,000. N.E.W. Advisory Services LLC bought a new stake in Nordson during the 2nd quarter worth approximately $33,000. Finally, Fortitude Family Office LLC increased its stake in Nordson by 207.0% during the 3rd quarter. Fortitude Family Office LLC now owns 132 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of Nordson stock opened at $322.67 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 firm has a market cap of $17.97 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99. The stock’s 50-day moving average is $323.46 and its 200-day moving average is $294.90. Nordson Corporation has a one year low of $223.29 and a one year high of $339.12.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data 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. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The business had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. During the same period last year, the company earned $2.73 earnings per share. Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that Nordson Corporation will post 11.86 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were given a dividend of $0.94 per share. This is an increase from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. Nordson’s payout ratio is currently 38.02%.

Insiders Place Their Bets

In other news, EVP Daniel Hopgood sold 1,329 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the transaction, the executive vice president directly owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This trade represents a 21.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph M. Rutledge sold 684 shares of Nordson stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the sale, the chief accounting officer owned 2,134 shares in the company, valued at $660,216.92. This trade represents a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,273 shares of company stock valued at $743,247 in the last quarter. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on NDSN. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Oppenheimer increased their price objective on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. KeyCorp restated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Finally, Robert W. Baird raised their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Nordson presently has an average rating of “Moderate Buy” and an average target price of $326.57.

About Nordson

Nordson Corporation (NASDAQ: NDSN) is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson’s products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.