ICICI Prudential Asset Management Co Ltd Raises Stock Position in Nordson Corporation $NDSN

ICICI Prudential Asset Management Co Ltd raised its position in Nordson Corporation (NASDAQ:NDSN) by 77.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,200 shares of the industrial products company’s stock after purchasing an additional 6,200 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Nordson were worth $3,223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Jensen Investment Management Inc. bought a new position in shares of Nordson in the third quarter worth approximately $2,735,000. Nordea Investment Management AB raised its stake in shares of Nordson by 21.2% during the second quarter. Nordea Investment Management AB now owns 10,083 shares of the industrial products company’s stock worth $2,159,000 after acquiring an additional 1,763 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Nordson during the 3rd quarter valued at $1,100,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Nordson by 2.6% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 77,813 shares of the industrial products company’s stock valued at $16,681,000 after buying an additional 1,972 shares during the period. Finally, HORAN Wealth LLC bought a new stake in shares of Nordson in the 3rd quarter valued at about $917,000. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Shares of NDSN opened at $293.93 on Friday. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $305.28. The company has a market capitalization of $16.37 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01. The firm has a 50 day moving average of $265.11 and a 200 day moving average of $241.05. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The business had revenue of $669.46 million during the quarter, compared to analyst estimates of $652.68 million. Nordson had a return on equity of 19.92% and a net margin of 18.39%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. As a group, equities research analysts anticipate that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.82 per share. 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 Wednesday, December 17th. Nordson’s dividend payout ratio (DPR) is presently 38.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NDSN shares. Robert W. Baird lifted their target price on shares of Nordson from $252.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. DA Davidson reaffirmed a “buy” rating and set a $290.00 price target on shares of Nordson in a research report on Thursday. Vertical Research upgraded shares of Nordson from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Monday, December 15th. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, KeyCorp boosted their target price on shares of Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $270.57.

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.