Nordson Corporation $NDSN Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Nordson stake by 816.6% in the third quarter, purchasing 8,909 additional shares and bringing its holdings to 10,000 shares valued at approximately $3.28 million.
• Analyst sentiment remains positive: Nordson has a consensus “Moderate Buy” rating and an average price target of $326.57, while institutional investors own 72.11% of the company.
• Nordson reported quarterly earnings of $3.25 per share and revenue of $817.67 million, beating estimates, while revenue rose 10.3% year over year. The company also raised its quarterly dividend from $0.82 to $0.94 per share, implying a 1.1% annual yield.

International Assets Investment Management LLC raised its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 816.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the industrial products company's stock after purchasing an additional 8,909 shares during the period. International Assets Investment Management LLC's holdings in Nordson were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in NDSN. XXEC Inc. acquired a new stake 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 about $1,248,447,000. Bank of New York Mellon Corp purchased a new stake in Nordson during the 2nd quarter worth about $127,230,000. Caisse de depot et placement du Quebec acquired a new position in shares of Nordson during the 2nd quarter worth about $95,993,000. Finally, Deutsche Bank AG acquired a new stake in shares of Nordson during the 2nd quarter worth about $89,393,000. Hedge funds and other institutional investors own 72.11% of the company's stock.

Analysts Set New Price Targets

NDSN has been the subject of several recent analyst reports. DA Davidson restated a "buy" rating and set a $345.00 target price on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Oppenheimer raised their price objective on shares of Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 21st. KeyCorp restated a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $326.57.

Insider Buying and Selling

In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of Nordson stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the transaction, the executive vice president directly owned 6,346 shares in the company, valued at approximately $2,132,256. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,590,551.82. The trade was a 21.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,273 shares of company stock worth $743,247 in the last 90 days. Company insiders own 0.84% of the company's stock.

Nordson Trading Up 1.5%

NASDAQ:NDSN opened at $327.58 on Tuesday. The company has a market capitalization of $18.25 billion, a PE ratio of 33.12, a P/E/G ratio of 2.12 and a beta of 0.99. Nordson Corporation has a 52-week low of $223.29 and a 52-week high of $339.12. The stock's 50 day moving average price is $323.37 and its 200 day moving average price is $295.22. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47.

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 company had revenue of $817.67 million during 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 firm's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts anticipate that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, September 10th were paid a dividend of $0.94 per share. The ex-dividend date was Thursday, September 10th. This represents a $3.76 dividend on an annualized basis and a yield of 1.1%. This is an increase from Nordson's previous quarterly dividend of $0.82. Nordson's dividend payout ratio (DPR) is currently 38.02%.

Nordson Company Profile

Nordson Corporation NASDAQ: NDSN is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson's products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.

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