Assenagon Asset Management S.A. Has $5.08 Million Position in Nordson Corporation $NDSN

Key Points

• Assenagon Asset Management cut its Nordson stake by 53.5% in the second quarter, selling 19,329 shares and retaining 16,831 shares valued at approximately $5.08 million. Institutional investors collectively own 72.11% of Nordson.
• Nordson reported quarterly EPS of $2.86, beating estimates of $2.82, while revenue rose 8.5% year over year to $740.85 million. The company forecast fiscal 2026 EPS of $11.30–$11.80.
• Shares opened at $311.26, near the company’s $315.68 52-week high. Analysts maintain a “Moderate Buy” consensus, with an average price target of $311.29, and Nordson pays a quarterly dividend of $0.82 per share.

Assenagon Asset Management S.A. cut its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 53.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,831 shares of the industrial products company's stock after selling 19,329 shares during the period. Assenagon Asset Management S.A.'s holdings in Nordson were worth $5,078,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its stake in Nordson by 314.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company's stock valued at $2,335,000 after purchasing an additional 8,268 shares in the last quarter. Marshall Wace LLP acquired a new stake in Nordson during the second quarter worth about $8,594,000. Cerity Partners LLC increased its holdings in Nordson by 23.6% in the 2nd quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company's stock valued at $3,027,000 after buying an additional 2,692 shares during the period. Daiwa Securities Group Inc. increased its holdings in Nordson by 2.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company's stock valued at $2,221,000 after buying an additional 244 shares during the period. Finally, State Street Corp raised its position in shares of Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company's stock valued at $636,375,000 after buying an additional 133,229 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Nordson Stock Down 0.0%

Shares of NASDAQ:NDSN opened at $311.26 on Thursday. Nordson Corporation has a 52-week low of $211.50 and a 52-week high of $315.68. The company has a market capitalization of $17.34 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.07 and a beta of 0.96. 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 company has a fifty day moving average of $294.52 and a 200-day moving average of $285.06.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The company had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same quarter last year, the business posted $2.42 EPS. Nordson's revenue for the quarter was up 8.5% on a year-over-year basis. 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 analysts predict that Nordson Corporation will post 11.59 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 18th. Nordson's payout ratio is 34.97%.

Wall Street Analysts Forecast Growth

NDSN has been the subject of a number of recent analyst reports. Oppenheimer upped their price target on shares of Nordson from $325.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 29th. Weiss Ratings upgraded Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Wall Street Zen cut Nordson from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. BNP Paribas Exane upped their price objective on Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Finally, DA Davidson lifted their target price on Nordson from $335.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $311.29.

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.

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