Legal & General Group Plc bought a new stake in Nordson Corporation (NASDAQ:NDSN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 236,574 shares of the industrial products company's stock, valued at approximately $71,372,000. Legal & General Group Plc owned 0.42% of Nordson as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the company. Bank of Nova Scotia bought a new stake in Nordson during the second quarter valued at approximately $3,908,000. New York Life Investment Management LLC raised its position in Nordson by 64.9% in the fourth quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company's stock worth $2,895,000 after acquiring an additional 4,737 shares during the period. UBS Group AG boosted its stake in shares of Nordson by 7.3% during the 4th quarter. UBS Group AG now owns 432,984 shares of the industrial products company's stock worth $104,102,000 after acquiring an additional 29,294 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Nordson during the 4th quarter worth $1,426,000. Finally, Jennison Associates LLC grew its position in shares of Nordson by 539.2% during the 4th quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company's stock valued at $60,673,000 after acquiring an additional 212,876 shares during the period. 72.11% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on NDSN. Oppenheimer lifted their target price on Nordson from $335.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, August 21st. 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 report on Friday, August 21st. BNP Paribas Exane raised their price objective on Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a research note on Friday, May 22nd. KeyCorp reiterated a "buy" rating on shares of Nordson in a research note on Thursday, August 20th. Finally, DA Davidson reissued a "buy" rating and issued a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $326.57.
Get Our Latest Analysis on NDSN
Nordson Stock Down 1.1%
NDSN opened at $330.84 on Friday. 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 Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $339.12. The firm's fifty day moving average is $302.06 and its 200 day moving average is $288.53. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.
Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.09 by $0.16. The business had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.Nordson's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts forecast that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.
Nordson Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be paid a dividend of $0.94 per share. This is a boost from Nordson's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.1%. Nordson's dividend payout ratio is 33.16%.
Insider Transactions at Nordson
In related news, EVP Daniel Roy Hopgood sold 1,329 shares of the business'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 value of $444,271.41. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.84% of the company's stock.
Nordson Profile
(
Free Report)
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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