Davis R M Inc. Sells 12,775 Shares of Nordson Corporation $NDSN

Davis R M Inc. lessened its holdings in Nordson Corporation (NASDAQ:NDSN) by 50.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,366 shares of the industrial products company’s stock after selling 12,775 shares during the period. Davis R M Inc.’s holdings in Nordson were worth $2,807,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in Nordson by 1.6% during the third quarter. American Century Companies Inc. now owns 325,201 shares of the industrial products company’s stock valued at $73,804,000 after buying an additional 5,007 shares during the last quarter. Argent Trust Co raised its holdings in Nordson by 3.6% in the 3rd quarter. Argent Trust Co now owns 1,325 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 46 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Nordson during the third quarter valued at $96,000. Handelsbanken Fonder AB grew its holdings in Nordson by 10.9% during the third quarter. Handelsbanken Fonder AB now owns 16,230 shares of the industrial products company’s stock valued at $3,683,000 after purchasing an additional 1,600 shares during the period. Finally, TIAA Trust National Association purchased a new stake in Nordson in the third quarter worth about $207,000. 72.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NDSN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nordson in a research note on Monday, December 29th. KeyCorp raised their price objective on shares of Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. 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. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Robert W. Baird increased their target price on Nordson from $278.00 to $314.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Four equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $311.50.

Nordson Price Performance

NASDAQ:NDSN opened at $293.44 on Monday. The business’s 50-day moving average is $271.59 and its 200 day moving average is $244.74. Nordson Corporation has a 12 month low of $165.03 and a 12 month high of $305.28. The company has a market capitalization of $16.37 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.99 and a beta of 0.98. The company has a current ratio of 2.72, a quick ratio of 1.74 and a debt-to-equity ratio of 0.63.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The business had revenue of $669.46 million for the quarter, compared to the consensus estimate of $652.68 million. Nordson had a return on equity of 19.73% and a net margin of 18.39%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, equities research analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Nordson

In related news, EVP Joseph P. Kelley sold 23,052 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $289.31, for a total value of $6,669,174.12. Following the completion of the transaction, the executive vice president owned 7,559 shares of the company’s stock, valued at approximately $2,186,894.29. This trade represents a 75.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundaram Nagarajan sold 41,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total value of $12,258,268.00. Following the sale, the chief executive officer directly owned 64,824 shares in the company, valued at $19,010,286.24. The trade was a 39.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,577 shares of company stock valued at $21,484,216 in the last quarter. 0.84% of the stock is owned by company insiders.

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.