Empowered Funds LLC Purchases New Stake in Nordson Corporation $NDSN

Key Points

• Empowered Funds LLC acquired 6,450 Nordson shares worth approximately $1.95 million, while institutional investors collectively own 72.11% of the company.
• Analysts maintain a generally positive outlook, with Nordson holding a “Moderate Buy” consensus rating and an average price target of $326.57; recent targets range as high as $370.
• Nordson exceeded quarterly expectations with $3.25 in EPS and $817.67 million in revenue, while revenue grew 10.3% year over year. The company also increased its quarterly dividend to $0.94 per share.

Empowered Funds LLC purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,450 shares of the industrial products company's stock, valued at approximately $1,946,000.

Several other large investors also recently made changes to their positions in NDSN. XXEC Inc. purchased a new position in shares of Nordson in the 2nd quarter valued at $896,378,000. BlackRock Inc. purchased a new stake in Nordson during the 2nd quarter worth $1,248,447,000. State Street Corp increased its holdings in 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 purchasing an additional 133,229 shares in the last quarter. Morgan Stanley increased its holdings in Nordson by 6.2% in the 4th quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company's stock valued at $380,514,000 after purchasing an additional 92,970 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Nordson by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 891,016 shares of the industrial products company's stock valued at $214,227,000 after purchasing an additional 172,400 shares during the period. Institutional investors and hedge funds own 72.11% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NDSN. Wall Street Zen cut Nordson from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. KeyCorp reiterated a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. BNP Paribas Exane raised their target price on Nordson from $285.00 to $290.00 and gave the company a "neutral" rating in a report on Friday, May 22nd. Oppenheimer boosted their price target on Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 21st. Finally, Robert W. Baird upped their price target on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and three have assigned 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 Stock Up 0.3%

Shares of Nordson stock opened at $317.49 on Friday. Nordson Corporation has a 1-year low of $220.35 and a 1-year high of $339.12. The company has a market capitalization of $17.68 billion, a PE ratio of 32.10, a P/E/G ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The business has a 50-day moving average of $304.30 and a 200-day moving average of $289.37.

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. The business had revenue of $817.67 million for 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 was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts forecast that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Nordson's previous quarterly dividend of $0.82. Nordson's dividend payout ratio is currently 33.16%.

Insider Activity at Nordson

In other news, EVP Jennifer 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 completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was 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. The trade was a 21.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.84% of the company's stock.

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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