Key Points
- Nordson EVP Daniel Roy Hopgood sold 1,329 shares at an average price of $334.29, reducing his ownership by 21.83% to 4,758 shares.
- Nordson reported stronger-than-expected quarterly results, with EPS of $3.25 versus the $3.09 consensus and revenue of $817.67 million, up 10.3% year over year.
- The company raised its quarterly dividend to $0.94 per share from $0.82, while analysts maintained a “Moderate Buy” consensus rating and a $326.57 average price target.
Nordson Corporation (NASDAQ:NDSN - Get Free Report) EVP Daniel Roy Hopgood sold 1,329 shares of the company'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 value of $444,271.41. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nordson Price Performance
Nordson stock opened at $330.84 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 company has a market capitalization of $18.43 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. Nordson Corporation has a one year low of $220.06 and a one year high of $339.12. The business has a 50 day simple moving average of $302.06 and a 200 day simple moving average of $288.53.
Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the firm earned $2.73 EPS. 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. On average, sell-side analysts forecast that Nordson Corporation will post 11.83 EPS for the current fiscal year.
Nordson Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Nordson's previous quarterly dividend of $0.82. Nordson's payout ratio is currently 33.16%.
Institutional Trading of Nordson
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in Nordson by 6.8% during the 2nd quarter. HighTower Advisors LLC now owns 38,317 shares of the industrial products company's stock worth $11,560,000 after buying an additional 2,431 shares in the last quarter. Groupe la Francaise bought a new position in shares of Nordson in the second quarter worth about $593,000. California State Teachers Retirement System lifted its position in shares of Nordson by 26,611.5% during the second quarter. California State Teachers Retirement System now owns 21,054,040 shares of the industrial products company's stock worth $6,351,793,000 after purchasing an additional 20,975,220 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Nordson by 48.5% during the second quarter. HB Wealth Management LLC now owns 2,240 shares of the industrial products company's stock worth $676,000 after purchasing an additional 732 shares in the last quarter. Finally, Saudi Central Bank grew its stake in shares of Nordson by 89.5% during the second quarter. Saudi Central Bank now owns 3,709 shares of the industrial products company's stock valued at $1,119,000 after purchasing an additional 1,752 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on NDSN shares. Robert W. Baird increased their target price 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. KeyCorp reaffirmed a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. BNP Paribas Exane raised their price objective on shares of Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Weiss Ratings upgraded shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Finally, Oppenheimer boosted their target price on Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $326.57.
Read Our Latest Research Report on NDSN
About Nordson
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
