Nordson Corporation $NDSN Stock Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in Nordson Corporation (NASDAQ:NDSN) by 60.1% in the third quarter, HoldingsChannel reports. The firm owned 8,555 shares of the industrial products company’s stock after purchasing an additional 3,210 shares during the period. Illinois Municipal Retirement Fund’s holdings in Nordson were worth $2,805,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. XXEC Inc. acquired a new position in Nordson in the second quarter valued at approximately $896,378,000. BlackRock Inc. acquired a new stake in shares of Nordson during the 2nd quarter worth approximately $1,248,447,000. Dimensional Fund Advisors LP grew its position in shares of Nordson by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock worth $120,752,000 after buying an additional 15,912 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Nordson during the 2nd quarter worth approximately $127,230,000. Finally, Jennison Associates LLC increased its stake in shares of Nordson by 53.8% in the 1st quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock valued at $103,261,000 after acquiring an additional 135,757 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nordson news, CAO Joseph M. Rutledge sold 684 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $309.38, for a total transaction of $211,615.92. Following the transaction, the chief accounting officer owned 2,134 shares in the company, valued at approximately $660,216.92. This represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer McDonough sold 260 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,273 shares of company stock worth $743,247. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

NDSN has been the topic of a number of research reports. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Oppenheimer lifted their price target 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. Robert W. Baird lifted 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 upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Down 0.6%

Nordson stock traded down $1.86 during mid-day trading on Friday, reaching $324.74. The stock had a trading volume of 196,801 shares, compared to its average volume of 357,856. The firm has a market capitalization of $18.09 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. Nordson Corporation has a fifty-two week low of $223.29 and a fifty-two week high of $339.12. The stock’s 50-day simple moving average is $323.04 and its 200-day simple moving average is $297.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share 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 company had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. During the same period in the prior year, the firm earned $2.73 earnings per share. Nordson’s revenue for the quarter was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts forecast that Nordson Corporation will post 11.86 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th were paid a dividend of $0.94 per share. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. Nordson’s dividend payout ratio (DPR) is presently 38.02%.

Nordson Profile

Nordson Corporation develops and manufactures precision technology used to apply, manage, and inspect materials in industrial and medical applications. Its products help customers dispense adhesives, sealants, coatings, polymers, and other fluids with accuracy and consistency. The company’s offerings include hot-melt adhesive dispensing systems, precision fluid dispensing equipment, material coating and surface-treatment systems, and inspection and testing technologies. Nordson also supplies components and equipment for medical devices and related applications.