Man Group plc Buys New Holdings in Nordson Corporation $NDSN

Man Group plc bought a new position in shares of Nordson Corporation (NASDAQ:NDSNFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,006 shares of the industrial products company’s stock, valued at approximately $1,209,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Syon Capital LLC raised its stake in shares of Nordson by 4.0% in the fourth quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 41 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Nordson by 43.4% in the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 46 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Nordson by 1.9% in the third quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock valued at $700,000 after purchasing an additional 57 shares during the last quarter. Wealth Alliance LLC raised its holdings in shares of Nordson by 5.0% in the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 66 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Nordson by 4.8% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,517 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jennifer L. Mcdonough sold 260 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 6,346 shares in the company, valued at $2,132,256. The trade was a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel Roy Hopgood sold 1,329 shares of the company’s 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 sale, the executive vice president directly owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NDSN shares. Oppenheimer boosted their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. KeyCorp reissued a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Robert W. Baird boosted their target price on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. BNP Paribas Exane boosted their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.57.

Read Our Latest Analysis on Nordson

Nordson Stock Performance

NASDAQ:NDSN opened at $316.63 on Thursday. The company has a market capitalization of $17.64 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.04 and a beta of 0.97. The business has a fifty day simple moving average of $304.05 and a two-hundred day simple moving average of $289.24. 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 Corporation has a 1 year low of $220.35 and a 1 year high of $339.12.

Nordson (NASDAQ:NDSNGet Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts expect that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be paid 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 a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is presently 33.16%.

Nordson Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nordson (NASDAQ:NDSN)

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