QRG Capital Management Inc. Buys Shares of 1,886 Nordson Corporation $NDSN

QRG Capital Management Inc. purchased a new position in shares of Nordson Corporation (NASDAQ:NDSN) in the third quarter, HoldingsChannel.com reports. The fund purchased 1,886 shares of the industrial products company’s stock, valued at approximately $428,000.

Other large investors have also made changes to their positions in the company. Quent Capital LLC acquired a new position in Nordson during the third quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson during the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new position in shares of Nordson during the 2nd quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Nordson by 640.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 148 shares of the industrial products company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Finally, NewSquare Capital LLC boosted its stake in Nordson by 212.0% in the second quarter. NewSquare Capital LLC now owns 156 shares of the industrial products company’s stock valued at $33,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NDSN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Nordson in a report on Monday, December 29th. KeyCorp increased their price objective on shares of Nordson from $250.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Robert W. Baird raised their target price on shares of Nordson from $252.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Vertical Research upgraded Nordson from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $266.29.

Insider Activity

In related news, EVP James E. Devries sold 9,100 shares of Nordson stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $233.60, for a total value of $2,125,760.00. Following the transaction, the executive vice president directly owned 51,223 shares of the company’s stock, valued at $11,965,692.80. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Nordson Trading Down 1.0%

Shares of NASDAQ NDSN opened at $271.27 on Friday. The firm has a 50 day moving average price of $245.35 and a two-hundred day moving average price of $232.00. The stock has a market cap of $15.11 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.02. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $275.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.64.

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

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 17th were paid a $0.82 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.28 annualized dividend and a dividend yield of 1.2%. Nordson’s dividend payout ratio is presently 38.45%.

About Nordson

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.