Jennison Associates LLC Has $60.67 Million Stake in Nordson Corporation $NDSN

Jennison Associates LLC lifted its position in Nordson Corporation (NASDAQ:NDSN) by 539.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 252,353 shares of the industrial products company’s stock after acquiring an additional 212,876 shares during the period. Jennison Associates LLC’s holdings in Nordson were worth $60,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NDSN. Private Trust Co. NA raised its stake in shares of Nordson by 70.8% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson in the second quarter valued at $31,000. Quent Capital LLC acquired a new position in shares of Nordson in the third quarter valued at $32,000. MUFG Securities EMEA plc acquired a new position in shares of Nordson in the second quarter valued at $34,000. Finally, Root Financial Partners LLC acquired a new position in shares of Nordson in the third quarter valued at $36,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of NASDAQ:NDSN opened at $288.45 on Friday. The business’s fifty day moving average price is $276.07 and its two-hundred day moving average price is $259.39. Nordson Corporation has a fifty-two week low of $187.24 and a fifty-two week high of $305.28. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.72 and a quick ratio of 1.74.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. The firm had revenue of $669.46 million for the quarter, compared to analysts’ expectations of $652.68 million. Nordson had a return on equity of 19.73% and a net margin of 18.39%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. As a group, analysts predict that Nordson Corporation will post 11.41 EPS for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 19th. Nordson’s dividend payout ratio is presently 35.42%.

Analyst Upgrades and Downgrades

NDSN has been the subject of a number of recent research reports. Oppenheimer upped their target price on Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. KeyCorp upped their price target on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nordson in a research report on Friday, March 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target on shares of Nordson in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $311.50.

Insiders Place Their Bets

In other news, EVP Joseph P. Kelley sold 8,725 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.04, for a total transaction of $2,556,774.00. Following the sale, the executive vice president owned 7,268 shares in the company, valued at approximately $2,129,814.72. This represents a 54.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundaram Nagarajan sold 41,800 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total value of $12,258,268.00. Following the sale, the chief executive officer owned 64,824 shares in the company, valued at $19,010,286.24. The trade was a 39.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,393 shares of company stock worth $22,549,703 over the last ninety days. Company 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.