ProShare Advisors LLC Sells 92,849 Shares of Nordson Corporation $NDSN

ProShare Advisors LLC cut its holdings in Nordson Corporation (NASDAQ:NDSN) by 10.7% during the third quarter, Holdings Channel reports. The firm owned 773,547 shares of the industrial products company’s stock after selling 92,849 shares during the quarter. ProShare Advisors LLC’s holdings in Nordson were worth $175,556,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. DAVENPORT & Co LLC increased its stake in Nordson by 30.3% during the second quarter. DAVENPORT & Co LLC now owns 3,456 shares of the industrial products company’s stock worth $741,000 after acquiring an additional 803 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Nordson in the second quarter valued at $201,000. Trust Co. of Toledo NA OH bought a new stake in shares of Nordson in the 2nd quarter worth about $31,000. Apollon Wealth Management LLC boosted its stake in shares of Nordson by 17.4% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,703 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 253 shares during the period. Finally, Johnson Investment Counsel Inc. grew its holdings in Nordson by 2.2% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 338,366 shares of the industrial products company’s stock valued at $72,536,000 after purchasing an additional 7,319 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 2.7%

Shares of Nordson stock opened at $290.18 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. The company has a market cap of $16.16 billion, a P/E ratio of 34.02, a PEG ratio of 2.00 and a beta of 1.01. The firm’s 50 day moving average price is $254.37 and its 200-day moving average price is $236.39. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $291.01.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, December 10th. The industrial products company reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.10. The company had revenue of $751.82 million during the quarter, compared to the consensus estimate of $761.03 million. Nordson had a net margin of 17.35% and a return on equity of 19.64%. Nordson’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $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. On average, sell-side analysts predict that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 17th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 17th. Nordson’s dividend payout ratio is currently 38.45%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NDSN. Robert W. Baird raised their price objective on shares of Nordson from $252.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Vertical Research upgraded Nordson from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research note on Monday, December 15th. Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. DA Davidson set a $290.00 price target on shares of Nordson in a report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nordson in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $266.29.

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.