First Trust Advisors LP Buys 22,624 Shares of Nordson Corporation $NDSN

First Trust Advisors LP lifted its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 86.4% in the 1st quarter, HoldingsChannel reports. The firm owned 48,796 shares of the industrial products company’s stock after buying an additional 22,624 shares during the quarter. First Trust Advisors LP’s holdings in Nordson were worth $12,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 186,480 shares during the last quarter. State Street Corp boosted its position in Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after purchasing an additional 133,229 shares during the period. Morgan Stanley increased its stake in shares of Nordson by 6.2% in the fourth quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company’s stock worth $380,514,000 after purchasing an additional 92,970 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Nordson by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 891,016 shares of the industrial products company’s stock worth $214,227,000 after purchasing an additional 172,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Nordson by 12.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 851,679 shares of the industrial products company’s stock valued at $204,769,000 after purchasing an additional 97,416 shares during the period. Institutional investors own 72.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. BNP Paribas Exane boosted their target price on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Oppenheimer increased their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, DA Davidson lifted their price target on Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and a consensus price target of $311.29.

Nordson Stock Performance

Nordson stock opened at $295.23 on Friday. The firm’s fifty day moving average price is $290.90 and its 200-day moving average price is $282.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60. The stock has a market cap of $16.45 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. Nordson Corporation has a fifty-two week low of $207.08 and a fifty-two week high of $307.74.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.04. The company had revenue of $740.85 million during the quarter, compared to analyst estimates of $728.78 million. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 earnings per share. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, equities research analysts expect 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. Investors of record on Thursday, June 18th were given a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. Nordson’s payout ratio is presently 34.97%.

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.