Nordson Corporation $NDSN Shares Acquired by M&T Bank Corp

M&T Bank Corp raised its position in shares of Nordson Corporation (NASDAQ:NDSN) by 10,127.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 586,877 shares of the industrial products company’s stock after acquiring an additional 581,139 shares during the quarter. M&T Bank Corp’s holdings in Nordson were worth $141,103,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after acquiring an additional 133,229 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nordson by 110.0% in the third quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock valued at $163,093,000 after purchasing an additional 376,395 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Nordson by 61.9% in the third quarter. Millennium Management LLC now owns 592,385 shares of the industrial products company’s stock valued at $134,442,000 after purchasing an additional 226,514 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Nordson by 1.2% in the third quarter. Northern Trust Corp now owns 492,080 shares of the industrial products company’s stock valued at $111,678,000 after purchasing an additional 5,859 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Nordson by 12.5% in the third quarter. Raymond James Financial Inc. now owns 411,857 shares of the industrial products company’s stock valued at $93,471,000 after purchasing an additional 45,641 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Justin E. Hall sold 716 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the transaction, the executive vice president directly owned 1,515 shares in the company, valued at $417,867.30. This trade represents a 32.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph P. Kelley sold 8,725 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.04, for a total value of $2,556,774.00. Following the transaction, the executive vice president owned 7,268 shares of the company’s stock, valued at approximately $2,129,814.72. This represents a 54.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,393 shares of company stock worth $22,549,703 in the last three months. 0.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NDSN. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price target on shares of Nordson in a report on Monday, February 23rd. Robert W. Baird increased their price target on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, February 20th. KeyCorp increased their price target on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nordson in a report on Friday, March 27th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $311.50.

Nordson Price Performance

NDSN stock opened at $282.72 on Wednesday. The business has a fifty day moving average of $277.99 and a two-hundred day moving average of $257.28. The company has a quick ratio of 1.74, a current ratio of 2.72 and a debt-to-equity ratio of 0.63. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.91 and a beta of 1.01. Nordson Corporation has a 52-week low of $176.86 and a 52-week high of $305.28.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. The company had revenue of $669.46 million during the quarter, compared to analysts’ expectations of $652.68 million. Nordson had a return on equity of 19.73% and a net margin of 18.39%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. As a group, research analysts anticipate that Nordson Corporation will post 11.41 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $3.28 annualized dividend and a yield of 1.2%. Nordson’s dividend payout ratio (DPR) is 35.42%.

Nordson Company Profile

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.