New York Life Investment Management LLC Buys 4,737 Shares of Nordson Corporation $NDSN

New York Life Investment Management LLC lifted its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 64.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,041 shares of the industrial products company’s stock after purchasing an additional 4,737 shares during the quarter. New York Life Investment Management LLC’s holdings in Nordson were worth $2,895,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in Nordson by 314.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock worth $2,335,000 after buying an additional 8,268 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Nordson in the 2nd quarter valued at approximately $8,594,000. Cerity Partners LLC lifted its holdings in shares of Nordson by 23.6% during the 2nd quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock worth $3,027,000 after acquiring an additional 2,692 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Nordson by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock worth $2,221,000 after acquiring an additional 244 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Nordson by 4.7% during the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after acquiring an additional 133,229 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of Nordson stock opened at $276.76 on Tuesday. The company’s 50 day moving average price is $274.29 and its two-hundred day moving average price is $263.02. The firm has a market capitalization of $15.44 billion, a P/E ratio of 29.89, a P/E/G ratio of 1.84 and a beta of 0.99. Nordson Corporation has a fifty-two week low of $191.99 and a fifty-two week high of $305.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.72 and a quick ratio of 1.74.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. Nordson had a net margin of 18.39% and a return on equity of 19.73%. The company had revenue of $669.46 million during the quarter, compared to the consensus estimate of $652.68 million. During the same period in the prior year, the business earned $2.06 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. On average, equities analysts forecast that Nordson Corporation will post 11.47 earnings per share for the current fiscal year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 19th. Nordson’s dividend payout ratio is presently 35.42%.

Insider Transactions at Nordson

In other news, CEO Sundaram Nagarajan sold 41,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total value of $12,258,268.00. Following the completion of the transaction, the chief executive officer owned 64,824 shares of the company’s stock, valued at $19,010,286.24. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph P. Kelley sold 23,052 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $289.31, for a total transaction of $6,669,174.12. Following the completion of the transaction, the executive vice president owned 7,559 shares of the company’s stock, valued at approximately $2,186,894.29. This trade represents a 75.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,393 shares of company stock valued at $22,549,703 over the last three months. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NDSN. Jefferies Financial Group restated a “hold” rating and set a $300.00 price objective on shares of Nordson in a research report on Monday, February 23rd. Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Robert W. Baird lifted their price target on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. DA Davidson set a $335.00 price target on Nordson in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Nordson in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $311.50.

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.