Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Nordson Corporation $NDSN

Key Points

• Connor Clark & Lunn Investment Management bought 12,484 Nordson shares worth approximately $3.77 million in the second quarter. Institutional investors collectively own 72.11% of NDSN.
• Nordson beat quarterly expectations with EPS of $3.25 versus $3.09 expected and 10.3% year-over-year revenue growth. The company also raised its quarterly dividend 14.6% to $0.94 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $326.57 target price; Oppenheimer raised its target to $370. Shares recently traded near their 12-month high, while two executives reported stock sales.

Connor Clark & Lunn Investment Management Ltd. bought a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,484 shares of the industrial products company's stock, valued at approximately $3,766,000.

Other hedge funds also recently made changes to their positions in the company. XXEC Inc. purchased a new stake in shares of Nordson in the 2nd quarter worth about $896,378,000. BlackRock Inc. bought a new position in shares of Nordson in the 2nd quarter worth about $1,248,447,000. Norges Bank purchased a new position in Nordson during the 4th quarter valued at about $191,654,000. Bank of New York Mellon Corp purchased a new position in Nordson during the 2nd quarter valued at about $127,230,000. Finally, Deutsche Bank AG bought a new stake in Nordson during the second quarter worth about $89,393,000. 72.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of the stock in a transaction 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 sale, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares of the company's stock, valued at approximately $1,590,551.82. The trade was a 21.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by insiders.

Key Stories Impacting Nordson

Here are the key news stories impacting Nordson this week:

• Positive Sentiment: Nordson declared a quarterly dividend of $0.94 per share, payable October 2 to shareholders of record September 10. The payout is 14.6% higher than the previous $0.82 dividend, signaling management’s confidence in cash-flow generation and enhancing the stock’s appeal to income-focused investors. Nordson raises dividend by 14.6% to $0.94
• Positive Sentiment: Recent momentum reflects Nordson’s solid operating performance. The company’s latest quarter exceeded earnings and revenue expectations, with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. Analysts remain constructive, including an Oppenheimer price-target increase to $370 and a consensus rating of “Moderate Buy.” What Makes Nordson a Strong Momentum Stock
• Neutral Sentiment: NDSN recently set a new 12-month high, highlighting strong momentum but also increasing the possibility of profit-taking after a substantial advance. Nordson Sets New 12-Month High
• Negative Sentiment: Two Nordson executives reported stock sales. EVP Daniel Roy Hopgood sold 1,329 shares worth approximately $444,000, reducing his holdings by 21.83%; EVP Jennifer McDonough sold 260 shares worth about $87,000. These transactions may weigh on sentiment, particularly with the stock near its recent high, although insider sales do not necessarily indicate deteriorating business fundamentals. Nordson Insider Selling

Analysts Set New Price Targets

A number of brokerages have weighed in on NDSN. DA Davidson restated a "buy" rating and issued a $345.00 price objective on shares of Nordson in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, June 29th. BNP Paribas Exane boosted their price target on Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Robert W. Baird upped their price target on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. Finally, Oppenheimer raised their price objective on Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $326.57.

Nordson Stock Performance

Shares of NDSN stock opened at $324.59 on Friday. Nordson Corporation has a one year low of $220.06 and a one year high of $339.12. The company's 50-day moving average is $302.64 and its 200 day moving average is $288.78. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. 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 issued its 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 business had revenue of $817.67 million during the quarter, compared to analysts' expectations of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side 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 given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. This is an increase from Nordson's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. Nordson's payout ratio is 33.16%.

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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