Nykredit A S Acquires New Position in Nordson Corporation $NDSN

Nykredit A S purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the 2nd quarter, Holdings Channel reports. The fund purchased 17,151 shares of the industrial products company’s stock, valued at approximately $5,174,000.

A number of other institutional investors have also recently added to or reduced their stakes in NDSN. Clearstead Trust LLC acquired a new stake in shares of Nordson during the 2nd quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Nordson in the second quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new position in Nordson in the 2nd quarter valued at about $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson during the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Nordson by 2,400.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

NASDAQ:NDSN opened at $318.36 on Monday. Nordson Corporation has a 12-month low of $220.47 and a 12-month high of $339.12. The firm has a market capitalization of $17.73 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.07 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The business has a 50 day simple moving average of $304.64 and a 200 day simple moving average of $289.52.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The business had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. During the same quarter last year, the company earned $2.73 EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts predict that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 annualized dividend and a dividend yield of 1.2%. Nordson’s dividend payout ratio (DPR) is currently 33.16%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NDSN shares. BNP Paribas Exane raised their target price 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. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. KeyCorp reissued a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Finally, Robert W. Baird increased their price objective on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.57.

Insider Transactions at Nordson

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the transaction, the executive vice president directly owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer L. Mcdonough sold 260 shares of Nordson stock in a transaction dated Thursday, August 27th. The stock was 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.

About Nordson

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.