Commerce Bank Takes $1.44 Million Position in Nordson Corporation $NDSN

Key Points

• Commerce Bank acquired 4,784 Nordson shares worth approximately $1.44 million in the second quarter. Institutional investors and hedge funds collectively own 72.11% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds. Nordson has a consensus rating of “Moderate Buy” and an average price target of $326.57, while some firms recently raised targets as high as $370.
• Nordson exceeded quarterly expectations, reporting $3.25 in EPS and $817.67 million in revenue, up 10.3% year over year. The company also pays an annualized $3.28 dividend, yielding about 1.0%.

Commerce Bank bought a new position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,784 shares of the industrial products company's stock, valued at approximately $1,443,000.

Several other large investors have also made changes to their positions in the company. Clearstead Trust LLC bought a new stake in Nordson during the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Nordson during the second quarter worth approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in Nordson in the second quarter valued at approximately $33,000. CYBER HORNET ETFs LLC acquired a new position in Nordson in the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC boosted its stake in Nordson by 2,400.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 144 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. DA Davidson reaffirmed a "buy" rating and set a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. KeyCorp reaffirmed a "buy" rating 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 note on Saturday, June 27th. Oppenheimer raised 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. Finally, Robert W. Baird boosted their target price on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $326.57.

Nordson Trading Down 0.1%

Shares of NASDAQ NDSN opened at $333.58 on Wednesday. The company's fifty day moving average is $300.48 and its 200-day moving average is $287.87. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. Nordson Corporation has a twelve month low of $220.06 and a twelve month high of $338.55. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (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 company had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the business earned $2.73 EPS. The firm's 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 predict that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Dividend Announcement

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

About Nordson

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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