13,900 Shares in Nordson Corporation $NDSN Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new position in Nordson Corporation (NASDAQ:NDSN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,900 shares of the industrial products company’s stock, valued at approximately $4,193,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Nordson by 314.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock valued at $2,335,000 after purchasing an additional 8,268 shares in the last quarter. Marshall Wace LLP acquired a new position in Nordson during the second quarter worth about $8,594,000. Cerity Partners LLC increased its holdings in Nordson by 23.6% in the second quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock valued at $3,027,000 after buying an additional 2,692 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Nordson by 2.4% in the second quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock valued at $2,221,000 after buying an additional 244 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Nordson by 4.7% during 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 acquiring an additional 133,229 shares during the period. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research reports. Oppenheimer upped their price target on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Robert W. Baird boosted their target price on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, BNP Paribas Exane raised their price target on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Trading Down 0.1%

Shares of NDSN opened at $333.58 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. Nordson Corporation has a 1-year low of $220.06 and a 1-year high of $338.55. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The firm has a 50 day simple moving average of $300.48 and a 200-day simple moving average of $287.87.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The firm 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%.Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts forecast that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is currently 33.16%.

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.