Mirae Asset Global Investments Co. Ltd. Buys New Shares in Nordson Corporation $NDSN

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN) during the third quarter, Holdings Channel.com reports. The firm purchased 20,153 shares of the industrial products company’s stock, valued at approximately $6,607,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vise Technologies Inc. increased its position in shares of Nordson by 134.0% in the 3rd quarter. Vise Technologies Inc. now owns 4,249 shares of the industrial products company’s stock valued at $1,393,000 after acquiring an additional 2,433 shares during the period. Americana Partners LLC purchased a new position in Nordson in the 3rd quarter worth $317,000. Avestar Capital LLC acquired a new stake in Nordson during the 3rd quarter worth about $269,000. International Assets Investment Management LLC lifted its position in Nordson by 816.6% during the 3rd quarter. International Assets Investment Management LLC now owns 10,000 shares of the industrial products company’s stock worth $3,278,000 after acquiring an additional 8,909 shares during the period. Finally, Soltis Investment Advisors LLC acquired a new stake in Nordson during the 3rd quarter worth about $2,134,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird boosted their price target on Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Price Performance

NASDAQ:NDSN opened at $310.49 on Friday. Nordson Corporation has a one year low of $223.29 and a one year high of $339.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The firm has a market cap of $17.29 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.99 and a beta of 0.99. The firm’s fifty day moving average is $322.77 and its two-hundred day moving average is $296.02.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.16. The company had revenue of $817.67 million for 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 firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.2%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, September 10th. Nordson’s dividend payout ratio is 38.02%.

Insider Buying and Selling

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the company’s stock in a transaction that occurred on 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 owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Joseph M. Rutledge sold 684 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 2,134 shares in the company, valued at approximately $660,216.92. This represents a 24.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,273 shares of company stock valued at $743,247 over the last ninety days. Company insiders own 0.84% of the company’s stock.

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.