Bowen Hanes & Co. Inc. Acquires New Shares in Nordson Corporation $NDSN

Bowen Hanes & Co. Inc. acquired a new position in Nordson Corporation (NASDAQ:NDSN) in the first quarter, HoldingsChannel reports. The fund acquired 16,969 shares of the industrial products company’s stock, valued at approximately $4,515,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of Nordson by 70.8% during 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 purchased a new position in Nordson during the second quarter valued at approximately $31,000. MUFG Securities EMEA plc bought a new position in Nordson in the second quarter worth approximately $34,000. Hantz Financial Services Inc. raised its stake in Nordson by 43.4% in the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after buying an additional 46 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Nordson during the fourth quarter worth $40,000. 72.11% of the stock is currently owned by institutional investors.

Nordson Trading Up 0.2%

Nordson stock opened at $292.10 on Friday. The stock has a 50-day moving average price of $288.91 and a 200 day moving average price of $281.07. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Nordson Corporation has a 52 week low of $207.08 and a 52 week high of $307.74. The company has a quick ratio of 1.65, a current ratio of 2.60 and a debt-to-equity ratio of 0.58.

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

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th 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 of this dividend was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is 34.97%.

Wall Street Analyst Weigh In

NDSN has been the subject of several analyst reports. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Oppenheimer boosted their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. BNP Paribas Exane raised their price target on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, DA Davidson increased their price objective on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Nordson presently has an average rating of “Moderate Buy” and an average target price of $311.29.

Nordson Company 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.