Globeflex Capital L P Takes Position in Nordson Corporation $NDSN

Globeflex Capital L P purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the first quarter, HoldingsChannel reports. The fund purchased 2,224 shares of the industrial products company’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NDSN. First Trust Advisors LP raised its position in Nordson by 86.4% during the first quarter. First Trust Advisors LP now owns 48,796 shares of the industrial products company’s stock valued at $12,983,000 after purchasing an additional 22,624 shares during the period. ABN Amro Investment Solutions increased its position in shares of Nordson by 58.5% during the 1st quarter. ABN Amro Investment Solutions now owns 4,470 shares of the industrial products company’s stock valued at $1,189,000 after purchasing an additional 1,650 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in Nordson during the 1st quarter valued at $71,000. HORAN Wealth LLC purchased a new stake in Nordson during the 1st quarter valued at $1,075,000. Finally, Andra AP fonden lifted its position in Nordson by 1,234.7% in the first quarter. Andra AP fonden now owns 58,726 shares of the industrial products company’s stock worth $15,625,000 after buying an additional 54,326 shares during the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nordson Trading Up 0.5%

NASDAQ NDSN opened at $291.59 on Thursday. The company’s 50-day moving average price is $288.67 and its 200-day moving average price is $280.71. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The stock has a market cap of $16.25 billion, a PE ratio of 31.09, a PEG ratio of 1.93 and a beta of 0.96. Nordson Corporation has a 12 month low of $207.08 and a 12 month high of $307.74.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS 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 company had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same quarter last year, the firm posted $2.42 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Equities research analysts forecast that Nordson Corporation will post 11.59 earnings per share for the current year.

Nordson Announces Dividend

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