Globeflex Capital L P Makes New Investment in Nordson Corporation $NDSN

Globeflex Capital L P bought a new stake in Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,224 shares of the industrial products company’s stock, valued at approximately $671,000.

A number of other hedge funds have also bought and sold shares of NDSN. XXEC Inc. bought a new stake in shares of Nordson in the 2nd quarter valued at approximately $896,378,000. BlackRock Inc. bought a new position in Nordson during the second quarter worth $1,248,447,000. Norges Bank bought a new position in Nordson during the fourth quarter worth $191,654,000. Bank of New York Mellon Corp acquired a new position in Nordson in the second quarter worth $127,230,000. Finally, Deutsche Bank AG bought a new stake in Nordson during the second quarter valued at $89,393,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Down 0.1%

Shares of NASDAQ:NDSN opened at $333.58 on Wednesday. The company has a market cap of $18.58 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. The company’s 50-day moving average price is $300.48 and its 200 day moving average price is $287.87. Nordson Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $338.55. 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) last posted its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. During the same quarter in the prior year, the firm earned $2.73 EPS. Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts anticipate that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Announces Dividend

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

Analysts Set New Price Targets

NDSN has been the topic of a number of recent research reports. BNP Paribas Exane raised their price target on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Robert W. Baird boosted their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. KeyCorp reiterated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.57.

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.