Corient Private Wealth LP bought a new stake in Nordson Corporation (NASDAQ:NDSN – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,150 shares of the industrial products company’s stock, valued at approximately $13,622,000.
Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Nordson by 314.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock worth $2,335,000 after purchasing an additional 8,268 shares during the period. Marshall Wace LLP purchased a new position in Nordson during the second quarter worth about $8,594,000. Cerity Partners LLC boosted its stake in Nordson by 23.6% in the 2nd quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock worth $3,027,000 after buying an additional 2,692 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Nordson by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock valued at $2,221,000 after acquiring an additional 244 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Nordson by 4.7% during the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after acquiring an additional 133,229 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently commented on NDSN. Oppenheimer upped their price objective on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Robert W. Baird upped their price target on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. DA Davidson restated a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $326.57.
More Nordson News
Here are the key news stories impacting Nordson this week:
- Positive Sentiment: Nordson declared a quarterly dividend of $0.94 per share, payable October 2 to shareholders of record September 10. The payout is 14.6% higher than the previous $0.82 dividend, signaling management’s confidence in cash-flow generation and enhancing the stock’s appeal to income-focused investors. Nordson raises dividend by 14.6% to $0.94
- Positive Sentiment: Recent momentum reflects Nordson’s solid operating performance. The company’s latest quarter exceeded earnings and revenue expectations, with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. Analysts remain constructive, including an Oppenheimer price-target increase to $370 and a consensus rating of “Moderate Buy.” What Makes Nordson a Strong Momentum Stock
- Neutral Sentiment: NDSN recently set a new 12-month high, highlighting strong momentum but also increasing the possibility of profit-taking after a substantial advance. Nordson Sets New 12-Month High
- Negative Sentiment: Two Nordson executives reported stock sales. EVP Daniel Roy Hopgood sold 1,329 shares worth approximately $444,000, reducing his holdings by 21.83%; EVP Jennifer McDonough sold 260 shares worth about $87,000. These transactions may weigh on sentiment, particularly with the stock near its recent high, although insider sales do not necessarily indicate deteriorating business fundamentals. Nordson Insider Selling
Nordson Trading Down 1.9%
NASDAQ:NDSN opened at $324.59 on Friday. The business’s 50-day moving average is $302.64 and its two-hundred day moving average is $288.78. The firm has a market capitalization of $18.08 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Nordson Corporation has a 12 month low of $220.06 and a 12 month high of $339.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18.
Nordson (NASDAQ:NDSN – Get Free Report) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The business had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. During the same period last year, the business posted $2.73 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts predict that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.
Nordson Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be issued a $0.94 dividend. The ex-dividend date is Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. This is an increase from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is presently 33.16%.
Insiders Place Their Bets
In related news, EVP Jennifer L. Mcdonough sold 260 shares of Nordson stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the transaction, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. The trade was a 21.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.84% of the company’s stock.
About Nordson
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.
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