XXEC Inc. Takes $55.14 Million Position in Nordson Corporation $NDSN

XXEC Inc. purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 191,958 shares of the industrial products company’s stock, valued at approximately $55,144,000. Nordson accounts for approximately 0.1% of XXEC Inc.’s investment portfolio, making the stock its 7th biggest position. XXEC Inc. owned 0.34% of Nordson as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Syon Capital LLC lifted its stake in Nordson by 4.0% during the fourth quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock valued at $255,000 after buying an additional 41 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Nordson by 43.4% in the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after buying an additional 46 shares during the period. Norinchukin Bank The increased its position 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 worth $700,000 after acquiring an additional 57 shares in the last quarter. Wealth Alliance LLC increased its position 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 worth $371,000 after acquiring an additional 66 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings 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 acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NDSN shares. Robert W. Baird upped their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Oppenheimer boosted their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Insider Activity

In other news, EVP Daniel Roy Hopgood sold 1,329 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president directly owned 4,758 shares in the company, valued at $1,590,551.82. The trade was a 21.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.84% of the stock is owned by company insiders.

Nordson Price Performance

Shares of NDSN opened at $330.84 on Friday. The business’s 50-day moving average is $302.06 and its 200-day moving average is $288.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.96. Nordson Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $339.12.

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

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.94 per share. This is an increase from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s dividend payout ratio (DPR) is 33.16%.

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.