Jupiter Topco LLC Buys New Shares in Nordson Corporation $NDSN

Jupiter Topco LLC purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,432 shares of the industrial products company’s stock, valued at approximately $1,337,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NDSN. Hsbc Holdings PLC bought a new position in shares of Nordson during the 2nd quarter worth about $39,689,000. Ancora Advisors LLC bought a new position in Nordson in the second quarter worth $8,122,000. Canada Pension Plan Investment Board acquired a new stake in Nordson during the second quarter worth $11,814,000. Legal & General Group Plc bought a new stake in Nordson in the second quarter valued at about $71,372,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Nordson in the 2nd quarter valued at approximately $8,304,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NDSN shares. DA Davidson reiterated a “buy” rating and issued a $345.00 target price on shares of Nordson in a research note on Thursday, August 20th. Oppenheimer raised their price objective on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird increased their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Finally, Weiss Ratings raised shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average target price of $326.57.

Insider Buying and Selling

In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of the firm’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 transaction, the executive vice president directly owned 6,346 shares in the company, valued at $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 available through this link. Also, EVP Daniel Hopgood sold 1,329 shares of the firm’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 completion of the transaction, the executive vice president directly owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.84% of the company’s stock.

Nordson Stock Up 0.3%

Shares of NASDAQ NDSN opened at $318.36 on Friday. Nordson Corporation has a 1 year low of $220.47 and a 1 year high of $339.12. The firm’s 50-day moving average is $304.64 and its 200-day moving average is $289.58. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.73 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.

Nordson (NASDAQ:NDSN) last issued 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. The company had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts expect that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be issued a dividend of $0.94 per share. The ex-dividend date is Thursday, September 10th. This is a boost from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. Nordson’s dividend payout ratio is 33.16%.

Nordson Company Profile

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.