Daiichi Life Insurance Co. Ltd. Takes Position in Nordson Corporation $NDSN

Daiichi Life Insurance Co. Ltd. bought a new position in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,473 shares of the industrial products company’s stock, valued at approximately $746,000.

Several other institutional investors have also bought and sold shares of the stock. New York Life Investment Management LLC lifted its holdings in Nordson by 64.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock valued at $2,895,000 after purchasing an additional 4,737 shares during the last quarter. UBS Group AG boosted its holdings in shares of Nordson by 7.3% in the 4th quarter. UBS Group AG now owns 432,984 shares of the industrial products company’s stock worth $104,102,000 after acquiring an additional 29,294 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Nordson in the 4th quarter worth approximately $1,426,000. Jennison Associates LLC grew its position in Nordson by 539.2% during the 4th quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company’s stock worth $60,673,000 after acquiring an additional 212,876 shares during the last quarter. Finally, Reflection Asset Management acquired a new stake in Nordson during the 4th quarter valued at $1,460,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NDSN shares. KeyCorp reiterated a “buy” rating on shares of Nordson in a research report on Thursday. BNP Paribas Exane raised their target price on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Robert W. Baird upped their price target on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $345.00 target price on shares of Nordson in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.57.

Nordson Price Performance

NDSN opened at $333.93 on Tuesday. The company has a fifty day moving average price of $299.66 and a two-hundred day moving average price of $287.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. Nordson Corporation has a 52 week low of $220.06 and a 52 week high of $338.55. The firm has a market capitalization of $18.60 billion, a PE ratio of 33.76, a P/E/G ratio of 2.17 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share 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 company had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. During the same quarter in the prior year, the business 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, analysts anticipate that Nordson Corporation will post 11.8 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 18th. Nordson’s payout ratio is presently 33.16%.

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.