Bank of America Corp DE Purchases New Holdings in Nordson Corporation $NDSN

Key Points

• Bank of America initiated a Nordson position by purchasing 248,626 shares worth approximately $75 million, representing 0.45% of the company. Institutional investors collectively own 72.11% of Nordson.
• Nordson exceeded quarterly expectations, reporting $3.25 in earnings per share and $817.67 million in revenue, with revenue up 10.3% year over year. The company guided for fiscal 2026 earnings of $11.80–$12.00 per share.
• Nordson raised its quarterly dividend from $0.82 to $0.94 per share, implying an annualized dividend of $3.76 and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $326.57.

Bank of America Corp DE bought a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 248,626 shares of the industrial products company's stock, valued at approximately $75,008,000. Bank of America Corp DE owned 0.45% of Nordson at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. XXEC Inc. bought a new stake in shares of Nordson during the 2nd quarter worth approximately $896,378,000. BlackRock Inc. bought a new stake in shares of Nordson during the second quarter valued at approximately $1,248,447,000. Goldman Sachs Group Inc. lifted its holdings in shares of Nordson by 12.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 851,679 shares of the industrial products company's stock worth $204,769,000 after buying an additional 97,416 shares during the period. Norges Bank bought a new position in shares of Nordson during the 4th quarter worth $191,654,000. Finally, 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 in the last quarter. Institutional investors own 72.11% of the company's stock.

Nordson Price Performance

NASDAQ:NDSN opened at $311.57 on Friday. Nordson Corporation has a one year low of $220.47 and a one year high of $339.12. The stock has a market cap of $17.35 billion, a PE ratio of 31.50, a P/E/G ratio of 2.03 and a beta of 0.97. The stock has a 50 day moving average price of $308.73 and a 200 day moving average price of $290.85. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The business had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same period last year, the business posted $2.73 earnings per share. The company'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. Equities research analysts expect that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be issued a dividend of $0.94 per share. This is an increase from Nordson's previous quarterly dividend of $0.82. This represents a $3.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. Nordson's dividend payout ratio is currently 38.02%.

Analyst Upgrades and Downgrades

NDSN has been the subject of several recent research reports. Oppenheimer boosted their price target on shares of Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a report on Friday, August 21st. Weiss Ratings raised shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 2nd. DA Davidson reissued a "buy" rating and issued a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen lowered Nordson from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Finally, KeyCorp reissued a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $326.57.

Insider Activity

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the sale, the executive vice president directly owned 4,758 shares of the company's stock, valued at $1,590,551.82. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer L. Mcdonough sold 260 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total transaction of $87,360.00. Following the transaction, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. This represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,273 shares of company stock valued at $743,247 in the last three months. 0.84% of the stock is currently owned by company insiders.

Nordson Company Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.

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