Bank of New York Mellon Corp Cuts Stake in Nordson Corporation $NDSN

Bank of New York Mellon Corp lowered its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 17.7% in the 4th quarter, HoldingsChannel reports. The firm owned 435,410 shares of the industrial products company’s stock after selling 93,514 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nordson were worth $104,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Nordson during the 4th quarter valued at $191,654,000. M&T Bank Corp raised its position in shares of Nordson by 10,127.9% in the fourth quarter. M&T Bank Corp now owns 586,877 shares of the industrial products company’s stock valued at $141,103,000 after purchasing an additional 581,139 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nordson by 110.0% in the third quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock valued at $163,093,000 after purchasing an additional 376,395 shares during the period. Millennium Management LLC lifted its stake in shares of Nordson by 61.9% during the 3rd quarter. Millennium Management LLC now owns 592,385 shares of the industrial products company’s stock valued at $134,442,000 after buying an additional 226,514 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Nordson by 539.2% in the 4th quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company’s stock worth $60,673,000 after buying an additional 212,876 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NDSN shares. DA Davidson raised their price target on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. KeyCorp increased their price objective on Nordson from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price target on shares of Nordson in a research report on Monday, February 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $311.29.

Nordson Price Performance

NDSN opened at $282.73 on Monday. The firm has a market capitalization of $15.75 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. Nordson Corporation has a one year low of $207.08 and a one year high of $305.28. The company has a fifty day moving average price of $278.74 and a 200-day moving average price of $268.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.82 by $0.04. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The business had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. During the same period in the previous year, the business earned $2.42 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Equities research analysts expect that Nordson Corporation will post 11.59 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, June 18th. This represents a $3.28 annualized dividend and a yield of 1.2%. Nordson’s payout ratio is presently 34.97%.

Insider Buying and Selling

In other Nordson news, EVP Srinivas Subramanian sold 3,100 shares of Nordson stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $280.00, for a total transaction of $868,000.00. Following the transaction, the executive vice president directly owned 6,407 shares of the company’s stock, valued at approximately $1,793,960. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Hall sold 716 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the sale, the executive vice president owned 1,515 shares of the company’s stock, valued at approximately $417,867.30. The trade was a 32.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by 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.