Nordson Corporation $NDSN Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 10.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 296,017 shares of the industrial products company’s stock after acquiring an additional 27,608 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nordson were worth $89,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. New Mexico Educational Retirement Board lifted its position in Nordson by 8.0% during the second quarter. New Mexico Educational Retirement Board now owns 2,700 shares of the industrial products company’s stock worth $815,000 after buying an additional 200 shares during the period. Mufg Securities Americas Inc. grew its holdings in Nordson by 9.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,596 shares of the industrial products company’s stock valued at $481,000 after buying an additional 132 shares during the period. Nissay Asset Management Corp Japan increased its stake in shares of Nordson by 3.3% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 6,983 shares of the industrial products company’s stock valued at $2,107,000 after acquiring an additional 224 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Nordson by 35.7% during the 2nd quarter. Hsbc Holdings PLC now owns 131,447 shares of the industrial products company’s stock worth $39,689,000 after acquiring an additional 34,564 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Nordson during the 2nd quarter worth about $309,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Insider Activity at Nordson

In other news, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total transaction of $444,271.41. Following the sale, the executive vice president owned 4,758 shares in the company, valued at $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total transaction 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 SEC filing for this sale provides additional information. Insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

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

Nordson Stock Down 2.3%

Shares of NASDAQ NDSN opened at $314.40 on Wednesday. The stock has a fifty day moving average price of $303.64 and a 200 day moving average price of $289.08. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Nordson Corporation has a 12-month low of $220.06 and a 12-month high of $339.12. The company has a market cap of $17.51 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.09 and a beta of 0.97.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping 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 analysts’ expectations of $779.49 million. During the same quarter in the previous year, the firm posted $2.73 earnings per share. 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. Research analysts anticipate that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be given a dividend of $0.94 per share. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson’s dividend payout ratio is presently 33.16%.

Nordson 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.