Jupiter Topco LLC Takes $1.34 Million Position in Nordson Corporation $NDSN

Key Points

• Jupiter Topco LLC acquired 4,432 Nordson shares worth approximately $1.34 million in the second quarter. Institutional investors and hedge funds collectively own 72.11% of NDSN.
• Nordson reported quarterly earnings of $3.25 per share, beating estimates of $3.09, while revenue rose 10.3% year over year to $817.67 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $326.57.
• The company increased its quarterly dividend to $0.94 per share, representing an annualized dividend of $3.76 and a 1.2% yield.

Jupiter Topco LLC acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,432 shares of the industrial products company's stock, valued at approximately $1,337,000.

Other hedge funds have also modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in Nordson during the second quarter valued at about $39,689,000. Ancora Advisors LLC acquired a new stake in Nordson during the 2nd quarter valued at $8,122,000. Canada Pension Plan Investment Board purchased a new stake in shares of Nordson in the second quarter valued at $11,814,000. Legal & General Group Plc purchased a new stake in shares of Nordson in the second quarter valued at $71,372,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Nordson in the second quarter worth $8,304,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NDSN shares. DA Davidson reaffirmed a "buy" rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. KeyCorp reissued a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Robert W. Baird increased their price objective on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Oppenheimer raised their price objective on shares of Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Nordson has a consensus rating of "Moderate Buy" and an average target price of $326.57.

Nordson Stock Performance

NDSN opened at $318.36 on Friday. The company has a market cap of $17.73 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The stock has a 50-day moving average of $304.64 and a 200-day moving average of $289.58. Nordson Corporation has a 52-week low of $220.47 and a 52-week high of $339.12. 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 quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $0.16. The business had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The firm's revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts forecast that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 10th. 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. Nordson's payout ratio is currently 33.16%.

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company's stock.

Nordson Company 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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