Nordson Corporation $NDSN Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Nordson Corporation (NASDAQ:NDSN) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,317 shares of the industrial products company’s stock after purchasing an additional 2,431 shares during the quarter. HighTower Advisors LLC’s holdings in Nordson were worth $11,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NDSN. XXEC Inc. acquired a new stake in Nordson during the 2nd quarter worth approximately $896,378,000. California State Teachers Retirement System grew its stake in Nordson by 26,611.5% during the second quarter. California State Teachers Retirement System now owns 21,054,040 shares of the industrial products company’s stock worth $6,351,793,000 after buying an additional 20,975,220 shares during the period. BlackRock Inc. purchased a new stake in Nordson during the second quarter worth approximately $1,248,447,000. Norges Bank acquired a new stake in shares of Nordson in the fourth quarter worth $191,654,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Nordson in the 2nd quarter valued at $127,230,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on NDSN shares. BNP Paribas Exane upped their price target on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Oppenheimer boosted their price objective on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Robert W. Baird upped their target price on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Weiss Ratings upgraded Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

Insider Activity at Nordson

In other Nordson news, EVP Daniel 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jennifer McDonough sold 260 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the transaction, the executive vice president owned 6,346 shares of the company’s stock, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by insiders.

Nordson Stock Performance

Shares of NDSN stock opened at $313.94 on Thursday. 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’s fifty day moving average price is $305.63 and its two-hundred day moving average price is $289.93. The firm has a market capitalization of $17.49 billion, a P/E ratio of 31.74, a P/E/G ratio of 2.06 and a beta of 0.97. Nordson Corporation has a 12 month low of $220.47 and a 12 month high of $339.12.

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

Nordson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 represents a $3.76 annualized dividend and a yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is presently 33.16%.

Nordson Company Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.