Man Group plc bought a new stake in Nordson Corporation (NASDAQ:NDSN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,006 shares of the industrial products company's stock, valued at approximately $1,209,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new stake in shares of Nordson in the 2nd quarter valued at $3,908,000. New York Life Investment Management LLC raised its holdings in shares of Nordson by 64.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company's stock worth $2,895,000 after buying an additional 4,737 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Nordson during the 4th quarter worth $1,426,000. Reflection Asset Management bought a new stake in shares of Nordson during the 4th quarter worth $1,460,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Nordson during the 4th quarter worth $4,626,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.
Nordson Price Performance
Shares of NASDAQ:NDSN opened at $316.63 on Thursday. 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 52 week low of $220.35 and a 52 week high of $339.12. The firm has a market cap of $17.64 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97. The firm's fifty day moving average is $304.05 and its 200-day moving average is $289.24.
Nordson (NASDAQ:NDSN - Get Free Report) last posted 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 during 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%.Nordson's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts predict that Nordson Corporation will post 11.83 earnings per share for the current year.
Nordson Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 10th. This is a positive change from Nordson's previous quarterly dividend of $0.82. Nordson's dividend payout ratio (DPR) is 33.16%.
Insiders Place Their Bets
In other news, EVP Daniel Roy Hopgood sold 1,329 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares in the company, valued at $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of Nordson 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 transaction, the executive vice president directly owned 6,346 shares of the company's stock, valued at $2,132,256. This represents a 3.94% 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.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on NDSN shares. BNP Paribas Exane lifted their target price on Nordson from $285.00 to $290.00 and gave the company a "neutral" rating in a research report on Friday, May 22nd. DA Davidson restated a "buy" rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. Robert W. Baird lifted their price target on shares of Nordson from $328.00 to $351.00 and gave the company a "neutral" rating in a report on Friday, August 21st. Weiss Ratings raised shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, June 29th. Finally, KeyCorp reiterated a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $326.57.
Check Out Our Latest Stock Analysis on NDSN
About Nordson
(
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.
See Also
Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Corporation (NASDAQ:NDSN - Free Report).
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