Havemeyer Place LP Purchases New Position in Nordson Corporation $NDSN

Havemeyer Place LP purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,906 shares of the industrial products company’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Nordson by 77.5% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 14,200 shares of the industrial products company’s stock valued at $3,223,000 after acquiring an additional 6,200 shares during the period. Jensen Investment Management Inc. acquired a new stake in shares of Nordson in the third quarter valued at approximately $2,735,000. Polar Asset Management Partners Inc. boosted its holdings in shares of Nordson by 67.0% in the third quarter. Polar Asset Management Partners Inc. now owns 39,754 shares of the industrial products company’s stock valued at $9,022,000 after acquiring an additional 15,954 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Nordson by 110.0% in the third quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock valued at $163,093,000 after acquiring an additional 376,395 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Nordson by 7.3% in the fourth quarter. UBS Group AG now owns 432,984 shares of the industrial products company’s stock valued at $104,102,000 after acquiring an additional 29,294 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NDSN. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. KeyCorp increased their price objective on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price objective on shares of Nordson in a report on Monday, February 23rd. DA Davidson increased their price objective on Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Oppenheimer upped their price target on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.

Nordson Price Performance

Nordson stock opened at $282.21 on Tuesday. Nordson Corporation has a 12 month low of $207.08 and a 12 month high of $305.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65. The business has a 50 day simple moving average of $279.09 and a 200-day simple moving average of $268.64. The stock has a market capitalization of $15.72 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.82 by $0.04. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The business had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. During the same quarter in the prior year, the business earned $2.42 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Equities analysts predict that Nordson Corporation will post 11.59 earnings per share for the current year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, June 18th will be given a $0.82 dividend. The ex-dividend date is Thursday, June 18th. This represents a $3.28 annualized dividend and a yield of 1.2%. Nordson’s dividend payout ratio is presently 34.97%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Justin E. Hall sold 716 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total value of $197,487.12. Following the completion of the transaction, the executive vice president owned 1,515 shares in the company, valued at approximately $417,867.30. This represents a 32.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $280.00, for a total value of $868,000.00. Following the completion of the transaction, the executive vice president owned 6,407 shares of the company’s stock, valued at $1,793,960. The trade was a 32.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.