Hsbc Holdings PLC Purchases New Position in Nordson Corporation $NDSN

Hsbc Holdings PLC acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,447 shares of the industrial products company’s stock, valued at approximately $39,689,000. Hsbc Holdings PLC owned about 0.24% of Nordson at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Syon Capital LLC boosted its holdings in shares of Nordson by 4.0% in the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 41 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Nordson by 43.4% during the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 46 shares in the last quarter. Norinchukin Bank The increased its holdings in Nordson by 1.9% during the 3rd quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock valued at $700,000 after purchasing an additional 57 shares in the last quarter. Wealth Alliance LLC raised its position in Nordson by 5.0% in the 1st quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 66 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in Nordson by 4.8% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,517 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Analysts Set New Price Targets

NDSN has been the subject of a number of research reports. Weiss Ratings upgraded Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Robert W. Baird increased their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Oppenheimer raised their price objective on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $345.00 target price on shares of Nordson in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Nordson Price Performance

Shares of NDSN stock opened at $334.58 on Thursday. The firm’s 50 day moving average price is $301.37 and its two-hundred day moving average price is $288.24. 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 $220.06 and a 52-week high of $339.12. The stock has a market cap of $18.64 billion, a PE ratio of 33.83, a PEG ratio of 2.17 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results 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. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The company had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. During the same quarter in the prior year, the business posted $2.73 EPS. The firm’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. As a group, analysts forecast that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s dividend payout ratio is presently 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.