Empowered Funds LLC Acquires Shares of 6,450 Nordson Corporation $NDSN

Empowered Funds LLC bought a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the second quarter, HoldingsChannel reports. The firm bought 6,450 shares of the industrial products company’s stock, valued at approximately $1,946,000.

Several other hedge funds also recently made changes to their positions in the company. Syon Capital LLC increased 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 valued at $255,000 after acquiring an additional 41 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Nordson by 43.4% during the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 46 shares during the last quarter. Norinchukin Bank The boosted its holdings in Nordson by 1.9% in the third quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock worth $700,000 after purchasing an additional 57 shares during the period. Wealth Alliance LLC boosted its holdings in Nordson by 5.0% in the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 66 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Nordson by 4.8% during the fourth 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.

Insider Activity

In related news, EVP Jennifer McDonough sold 260 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the transaction, the executive vice president owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel Hopgood sold 1,329 shares of the stock in a transaction dated Wednesday, August 26th. The shares were 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 owned 4,758 shares of the company’s stock, valued at $1,590,551.82. This represents a 21.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.

Nordson Stock Up 0.3%

NDSN opened at $317.49 on Friday. The stock’s 50 day moving average price is $304.30 and its 200 day moving average price is $289.37. 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 stock has a market cap of $17.68 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.06 and a beta of 0.97. Nordson Corporation has a 12 month low of $220.35 and a 12 month high of $339.12.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (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 during the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the firm 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, research analysts predict that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. 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 report on Friday, August 21st. DA Davidson reiterated a “buy” rating and set a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. Finally, Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Five investment 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 an average rating of “Moderate Buy” and an average price target of $326.57.

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.