HighTower Advisors LLC Increases Stock Holdings in Nordson Corporation $NDSN

HighTower Advisors LLC lifted its position in shares of Nordson Corporation (NASDAQ:NDSN) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,317 shares of the industrial products company’s stock after buying an additional 2,431 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Nordson worth $11,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NDSN. Clearstead Trust LLC acquired a new position in Nordson during the second quarter worth about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nordson in the second quarter valued at approximately $30,000. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson during the 2nd quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Nordson during the 2nd quarter worth approximately $33,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Nordson during the 2nd quarter worth approximately $34,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on NDSN shares. BNP Paribas Exane increased their target price on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised Nordson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 2nd. 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. Finally, KeyCorp reissued a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

Insider Activity

In other news, EVP Daniel Hopgood sold 1,329 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer McDonough sold 260 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total transaction of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares in the company, valued at $2,132,256. This represents a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by insiders.

Nordson Trading Down 0.9%

Shares of NDSN opened at $313.94 on Thursday. Nordson Corporation has a fifty-two week low of $220.47 and a fifty-two week high of $339.12. The company has a market capitalization of $17.49 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The stock has a fifty day moving average of $305.63 and a two-hundred day moving average of $289.93. 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 (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.16. The business had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts forecast that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be issued a $0.94 dividend. This is a positive change from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson’s dividend payout ratio (DPR) is presently 33.16%.

About Nordson

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.