Louisiana State Employees Retirement System Makes New Investment in Nordson Corporation $NDSN

Louisiana State Employees Retirement System bought a new stake in shares of Nordson Corporation (NASDAQ:NDSN) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 2,700 shares of the industrial products company’s stock, valued at approximately $718,000.

A number of other institutional investors have also added to or reduced their stakes in NDSN. Norges Bank bought a new stake in Nordson in the 4th quarter valued at $191,654,000. M&T Bank Corp increased its stake in Nordson by 10,127.9% during the fourth quarter. M&T Bank Corp now owns 586,877 shares of the industrial products company’s stock worth $141,103,000 after acquiring an additional 581,139 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Nordson by 61.9% during the 3rd quarter. Millennium Management LLC now owns 592,385 shares of the industrial products company’s stock worth $134,442,000 after purchasing an additional 226,514 shares during the period. Jennison Associates LLC raised its position in Nordson by 539.2% in the 4th quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company’s stock worth $60,673,000 after purchasing an additional 212,876 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Nordson by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock worth $1,504,515,000 after purchasing an additional 186,480 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nordson

In related news, EVP Justin E. Hall sold 716 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $275.82, for a total value of $197,487.12. Following the completion of the sale, the executive vice president directly owned 1,515 shares of the company’s stock, valued at $417,867.30. The trade was a 32.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Srinivas Subramanian sold 3,100 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $280.00, for a total transaction of $868,000.00. Following the completion of the sale, the executive vice president owned 6,407 shares of the company’s stock, valued at approximately $1,793,960. This trade represents a 32.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nordson Stock Performance

NASDAQ:NDSN traded down $5.52 during trading hours on Tuesday, reaching $288.14. The company had a trading volume of 16,868 shares, compared to its average volume of 400,974. 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 firm has a market cap of $16.06 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The business’s 50 day moving average price is $287.52 and its 200-day moving average price is $276.82. Nordson Corporation has a 1-year low of $207.08 and a 1-year high of $307.74.

Nordson (NASDAQ:NDSN) last posted 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 firm had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same period last year, the firm posted $2.42 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Nordson Corporation will post 11.59 EPS for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s dividend payout ratio (DPR) is presently 34.97%.

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.