Louisiana State Employees Retirement System Invests $718,000 in Nordson Corporation $NDSN

Louisiana State Employees Retirement System acquired a new stake in shares of Nordson Corporation (NASDAQ:NDSN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,700 shares of the industrial products company’s stock, valued at approximately $718,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Nordson by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock valued at $1,504,515,000 after buying an additional 186,480 shares during the last quarter. State Street Corp lifted its stake in shares of Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after acquiring an additional 133,229 shares during the last quarter. Morgan Stanley boosted its holdings in Nordson by 6.2% during the 4th quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company’s stock valued at $380,514,000 after acquiring an additional 92,970 shares during the period. JPMorgan Chase & Co. boosted its holdings in Nordson by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 891,016 shares of the industrial products company’s stock valued at $214,227,000 after acquiring an additional 172,400 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Nordson by 12.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 851,679 shares of the industrial products company’s stock worth $204,769,000 after acquiring an additional 97,416 shares during the last quarter. 72.11% of the stock is owned by institutional investors.

Insider Activity

In other Nordson news, EVP Justin E. Hall sold 716 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the sale, the executive vice president directly owned 1,515 shares in the company, valued at $417,867.30. The trade was a 32.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Srinivas Subramanian sold 3,100 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $280.00, for a total transaction of $868,000.00. Following the completion of the transaction, the executive vice president directly owned 6,407 shares in the company, valued at approximately $1,793,960. The trade was a 32.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.84% of the company’s stock.

Nordson Stock Down 1.9%

Nordson stock traded down $5.52 during mid-day trading on Tuesday, hitting $288.14. The company had a trading volume of 16,868 shares, compared to its average volume of 400,974. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $16.06 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The stock’s 50 day moving average price is $287.52 and its two-hundred day moving average price is $276.82. Nordson Corporation has a 12 month low of $207.08 and a 12 month high of $307.74.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The firm had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. During the same period in the previous year, the company earned $2.42 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. As a group, sell-side analysts anticipate that Nordson Corporation will post 11.59 earnings per share for the current fiscal year.

Nordson Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.