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

Bank of New York Mellon Corp reduced its holdings in Nordson Corporation (NASDAQ:NDSN) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 423,389 shares of the industrial products company’s stock after selling 12,021 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nordson were worth $112,647,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its holdings in Nordson by 21.1% in the first quarter. Checchi Capital Advisers LLC now owns 1,161 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 202 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Nordson in the 1st quarter worth $482,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Nordson in the 1st quarter worth about $583,000. Diversify Wealth Management LLC purchased a new stake in shares of Nordson in the 1st quarter worth about $284,000. Finally, Fifth Third Bancorp boosted its stake in shares of Nordson by 591.7% during the 1st quarter. Fifth Third Bancorp now owns 16,242 shares of the industrial products company’s stock valued at $4,321,000 after purchasing an additional 13,894 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDSN has been the topic of several research analyst reports. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BNP Paribas Exane lifted their price objective on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Oppenheimer upped their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Finally, DA Davidson raised their target price on Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $311.29.

Nordson Price Performance

NDSN stock opened at $285.24 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60. The firm has a 50 day moving average price of $288.24 and a 200-day moving average price of $280.00. Nordson Corporation has a 52-week low of $207.08 and a 52-week high of $307.74. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.92 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share 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 company had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same quarter in the prior year, the business posted $2.42 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. 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 forecast that Nordson Corporation will post 11.59 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s dividend payout ratio is currently 34.97%.

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.