Nordson Corporation $NDSN Shares Sold by Lazard Asset Management LLC

by · The Markets Daily

Lazard Asset Management LLC reduced its position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,557,723 shares of the industrial products company’s stock after selling 91,196 shares during the period. Lazard Asset Management LLC owned approximately 2.76% of Nordson worth $333,929,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Nordson by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,260 shares of the industrial products company’s stock worth $51,088,000 after buying an additional 9,679 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Nordson by 21.2% in the second quarter. Nordea Investment Management AB now owns 10,083 shares of the industrial products company’s stock valued at $2,159,000 after purchasing an additional 1,763 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Nordson by 22.6% in the second quarter. Harbor Capital Advisors Inc. now owns 8,193 shares of the industrial products company’s stock valued at $1,756,000 after purchasing an additional 1,508 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of Nordson by 118.5% during the 2nd quarter. Confluence Investment Management LLC now owns 336,090 shares of the industrial products company’s stock worth $72,048,000 after purchasing an additional 182,305 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Nordson by 2.6% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 77,813 shares of the industrial products company’s stock worth $16,681,000 after purchasing an additional 1,972 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

NDSN has been the topic of a number of analyst reports. Robert W. Baird increased their target price on Nordson from $252.00 to $275.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group restated a “hold” rating and issued a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Nordson in a research report on Wednesday, October 8th. Oppenheimer boosted their target price on shares of Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, DA Davidson set a $290.00 price target on shares of Nordson in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $264.88.

Check Out Our Latest Analysis on Nordson

Insiders Place Their Bets

In other news, EVP James E. Devries sold 9,100 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $233.60, for a total transaction of $2,125,760.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph P. Kelley sold 2,300 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total value of $534,497.00. Following the sale, the executive vice president owned 8,605 shares of the company’s stock, valued at approximately $1,999,715.95. The trade was a 21.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,600 shares of company stock worth $3,188,257. 0.80% of the stock is owned by company insiders.

Nordson Stock Performance

NASDAQ NDSN opened at $235.45 on Friday. The business’s 50-day moving average price is $233.80 and its 200 day moving average price is $224.08. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $251.47. The company has a market capitalization of $13.23 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.

Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings results on Wednesday, December 10th. The industrial products company reported $3.03 EPS 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 analysts’ expectations of $761.03 million. Nordson had a return on equity of 19.64% and a net margin of 17.35%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 EPS. 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, research analysts predict that Nordson Corporation will post 10.2 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. Nordson’s dividend payout ratio (DPR) is currently 38.45%.

Nordson Company Profile

(Free Report)

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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