2,224 Shares in Nordson Corporation $NDSN Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new stake in Nordson Corporation (NASDAQ:NDSN) in the second quarter, Holdings Channel reports. The fund bought 2,224 shares of the industrial products company’s stock, valued at approximately $671,000.

Other large investors have also recently bought and sold shares of the company. New York Life Investment Management LLC raised its holdings in Nordson by 64.9% during the fourth quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock worth $2,895,000 after purchasing an additional 4,737 shares in the last quarter. UBS Group AG lifted its position in Nordson by 7.3% in the fourth quarter. UBS Group AG now owns 432,984 shares of the industrial products company’s stock worth $104,102,000 after purchasing an additional 29,294 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in Nordson during the 4th quarter valued at $1,426,000. Jennison Associates LLC boosted its stake in Nordson by 539.2% during the 4th quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company’s stock valued at $60,673,000 after purchasing an additional 212,876 shares in the last quarter. Finally, Reflection Asset Management acquired a new position in shares of Nordson during the 4th quarter valued at $1,460,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Nordson Stock Performance

Nordson stock opened at $333.58 on Wednesday. The firm’s 50 day simple moving average is $300.48 and its 200-day simple moving average is $287.87. The company has a market cap of $18.58 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. Nordson Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $338.55.

Nordson (NASDAQ:NDSN) last issued its quarterly 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. 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 the consensus estimate of $779.49 million. During the same quarter in the prior year, the firm earned $2.73 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts predict that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s payout ratio is 33.16%.

Wall Street Analyst Weigh In

NDSN has been the topic of a number of research reports. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. BNP Paribas Exane raised their target price on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Oppenheimer lifted their target price on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. DA Davidson reiterated a “buy” rating and issued a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Finally, 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 report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson 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.