Jennison Associates LLC Grows Stock Position in Nordson Corporation $NDSN

Jennison Associates LLC lifted its stake in shares of Nordson Corporation (NASDAQ:NDSN) by 53.8% during the 1st quarter, HoldingsChannel reports. The firm owned 388,110 shares of the industrial products company’s stock after purchasing an additional 135,757 shares during the quarter. Jennison Associates LLC’s holdings in Nordson were worth $103,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NDSN. Private Trust Co. NA raised its position in shares of Nordson by 70.8% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Nordson during the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new position in Nordson during the 2nd quarter worth $34,000. Hantz Financial Services Inc. grew its position in shares of Nordson by 43.4% during 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 shares of Nordson in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN stock opened at $288.98 on Monday. Nordson Corporation has a 1-year low of $207.08 and a 1-year high of $307.74. The firm’s 50-day simple moving average is $288.17 and its 200-day simple moving average is $279.71. The firm has a market cap of $16.10 billion, a P/E ratio of 30.81, a PEG ratio of 1.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. The business had revenue of $740.85 million for the quarter, compared to analyst estimates of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.42 EPS. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. As a group, equities analysts forecast that Nordson Corporation will post 11.59 EPS for the current year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. Nordson’s payout ratio is 34.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NDSN. Oppenheimer raised their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. DA Davidson raised their price target on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. BNP Paribas Exane increased their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Nordson currently has a consensus rating of “Moderate Buy” and a consensus price target 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.