Nordson Corporation $NDSN Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,557,723 shares of the industrial products company’s stock after selling 91,196 shares during the period. Lazard Asset Management LLC’s holdings in Nordson were worth $333,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Nordson during the second quarter worth about $139,218,000. Confluence Investment Management LLC raised its holdings in shares of Nordson by 118.5% during the 2nd quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock valued at $72,048,000 after buying an additional 182,305 shares during the period. Nuveen LLC acquired a new position in Nordson during the 1st quarter worth approximately $29,125,000. State Street Corp boosted its holdings in Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after acquiring an additional 133,229 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in Nordson in the 1st quarter worth approximately $25,827,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Stock Performance

Shares of Nordson stock opened at $235.45 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.64. Nordson Corporation has a 1 year low of $165.03 and a 1 year high of $251.47. The firm’s 50-day simple moving average is $233.80 and its 200-day simple moving average is $224.08. The firm has a market cap of $13.23 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, December 10th. The industrial products company reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.10. Nordson had a return on equity of 19.64% and a net margin of 17.35%.The business had revenue of $751.82 million during the quarter, compared to the consensus estimate of $761.03 million. During the same period last year, the firm earned $2.78 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Nordson has set its Q1 2026 guidance at 2.250-2.450 EPS and its FY 2026 guidance at 10.800-11.500 EPS. Equities analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 17th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 17th. Nordson’s dividend payout ratio is currently 38.45%.

Insider Buying and Selling at Nordson

In related news, EVP James E. Devries sold 9,100 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $233.60, for a total transaction of $2,125,760.00. Following the transaction, the executive vice president directly owned 51,223 shares in the company, valued at $11,965,692.80. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph P. Kelley sold 2,300 shares of Nordson stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total transaction of $534,497.00. Following the completion of the transaction, the executive vice president directly owned 8,605 shares of the company’s stock, valued at approximately $1,999,715.95. This represents a 21.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,600 shares of company stock worth $3,188,257 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Nordson from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Robert W. Baird boosted their price objective on shares of Nordson from $252.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. KeyCorp lifted their target price on Nordson from $250.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $264.88.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.