IPG Investment Advisors LLC Acquires New Shares in Nordson Corporation $NDSN

IPG Investment Advisors LLC acquired a new stake in shares of Nordson Corporation (NASDAQ:NDSN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,883 shares of the industrial products company’s stock, valued at approximately $1,929,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Nordson in the 2nd quarter worth approximately $1,248,447,000. XXEC Inc. bought a new position in shares of Nordson during the 2nd quarter valued at $896,378,000. Bank of New York Mellon Corp purchased a new position in shares of Nordson in the 2nd quarter worth $127,230,000. Dimensional Fund Advisors LP boosted its stake in shares of Nordson by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 453,962 shares of the industrial products company’s stock worth $120,752,000 after buying an additional 15,912 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Nordson by 53.8% in the first quarter. Jennison Associates LLC now owns 388,110 shares of the industrial products company’s stock worth $103,261,000 after acquiring an additional 135,757 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 1.1%

Shares of NASDAQ:NDSN opened at $331.06 on Wednesday. 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 $223.29 and a 12-month high of $339.12. The company has a market cap of $18.44 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The stock has a 50 day moving average of $323.31 and a 200 day moving average of $295.54.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS 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 business had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. During the same period last year, the firm earned $2.73 earnings per share. The business’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, equities research analysts expect that Nordson Corporation will post 11.86 EPS for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.1%. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, September 10th. Nordson’s payout ratio is presently 38.02%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DA Davidson reiterated a “buy” rating and set a $345.00 price objective on shares of Nordson in a research report on Thursday, August 20th. KeyCorp restated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Oppenheimer upped their price target 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. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. Finally, Robert W. Baird raised 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. 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, Nordson presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.57.

Insider Buying and Selling

In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of Nordson stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Joseph M. Rutledge sold 684 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $309.38, for a total transaction of $211,615.92. Following the completion of the sale, the chief accounting officer owned 2,134 shares in the company, valued at approximately $660,216.92. The trade was a 24.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,273 shares of company stock worth $743,247. 0.84% of the stock is owned by insiders.

Nordson Profile

Nordson Corporation (NASDAQ: NDSN) is a global manufacturer of precision dispensing, fluid management, and inspection equipment. The company develops systems used to apply adhesives, coatings, sealants, polymers, and other materials with controlled precision in manufacturing and production processes.

Nordson’s products include hot-melt and liquid adhesive dispensing systems, industrial coating equipment, pumps, valves, tubing, and related components. It also provides equipment and technologies for testing, inspection, and the management of fluids and materials.