Bank Julius Baer & Co. Ltd Zurich Makes New Investment in Nordson Corporation $NDSN

Key Points

• Bank Julius Baer & Co. Ltd Zurich opened a new Nordson position, buying 5,392 shares worth approximately $1.77 million in the third quarter.
• Nordson reported quarterly EPS of $3.25, beating the $3.09 consensus, while revenue of $817.7 million also exceeded estimates and rose 10.3% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $326.57; Nordson also raised its quarterly dividend to $0.94 per share from $0.82.

Bank Julius Baer & Co. Ltd Zurich purchased a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,392 shares of the industrial products company's stock, valued at approximately $1,768,000.

Several other hedge funds and other institutional investors have also modified their holdings of NDSN. Bank of Nova Scotia acquired a new stake in shares of Nordson during the 2nd quarter worth approximately $3,908,000. Saudi Central Bank lifted its holdings in shares of Nordson by 89.5% in the 2nd quarter. Saudi Central Bank now owns 3,709 shares of the industrial products company's stock worth $1,119,000 after purchasing an additional 1,752 shares during the last quarter. HighTower Advisors LLC boosted its position in Nordson by 6.8% during the 2nd quarter. HighTower Advisors LLC now owns 38,317 shares of the industrial products company's stock valued at $11,560,000 after purchasing an additional 2,431 shares during the period. Allworth Financial LP acquired a new position in Nordson during the 2nd quarter valued at approximately $3,462,000. Finally, Hsbc Holdings PLC grew its stake in Nordson by 35.7% during the 2nd quarter. Hsbc Holdings PLC now owns 131,447 shares of the industrial products company's stock worth $39,689,000 after buying an additional 34,564 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NDSN. KeyCorp reaffirmed a "buy" rating on shares of Nordson in a report on Thursday, August 20th. Weiss Ratings raised shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 2nd. Robert W. Baird boosted their target price 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. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. Finally, Oppenheimer raised 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $326.57.

Nordson Stock Down 0.1%

Shares of Nordson stock opened at $330.70 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. Nordson Corporation has a 1-year low of $223.29 and a 1-year high of $339.12. The business's fifty day moving average price is $323.25 and its two-hundred day moving average price is $295.83. The company has a market capitalization of $18.42 billion, a P/E ratio of 33.44, a PEG ratio of 2.00 and a beta of 0.99.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.16. The company had revenue of $817.67 million during the quarter, compared to analysts' expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts forecast that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were issued a $0.94 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This is an increase from Nordson's previous quarterly dividend of $0.82. This represents a $3.76 annualized dividend and a yield of 1.1%. Nordson's dividend payout ratio is currently 38.02%.

Insider Activity at Nordson

In related news, CAO Joseph M. Rutledge sold 684 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the sale, the chief accounting officer owned 2,134 shares of the company's stock, valued at $660,216.92. The trade was a 24.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,273 shares of company stock worth $743,247 in the last 90 days. Corporate insiders own 0.84% of the company's stock.

About Nordson

Nordson Corporation NASDAQ: NDSN is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson's products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.

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