Legal & General Group Plc Buys New Stake in Nordson Corporation $NDSN

Legal & General Group Plc bought a new position in Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 236,574 shares of the industrial products company’s stock, valued at approximately $71,372,000.

Other large investors have also recently modified their holdings of the company. XXEC Inc. bought a new position in Nordson during the second quarter valued at $896,378,000. Vanguard Group Inc. increased its position in shares of Nordson by 3.1% during 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 acquiring an additional 186,480 shares during the period. BlackRock Inc. purchased a new position in Nordson during the 2nd quarter worth $1,248,447,000. State Street Corp raised its holdings in shares of Nordson by 4.7% in the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after acquiring an additional 133,229 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Nordson by 6.2% in the 4th quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company’s stock valued at $380,514,000 after purchasing an additional 92,970 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson reissued a “buy” rating and issued a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a report on Thursday, August 20th. BNP Paribas Exane upped their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Finally, Oppenheimer upped their price objective on Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.57.

Nordson Price Performance

NASDAQ:NDSN opened at $330.84 on Friday. The stock has a 50 day moving average of $302.06 and a two-hundred day moving average of $288.53. Nordson Corporation has a 12 month low of $220.06 and a 12 month high of $339.12. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.43 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million for the quarter, compared to analyst estimates of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts expect that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Thursday, September 10th will be issued a $0.94 dividend. This is a boost from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 10th. Nordson’s payout ratio is 33.16%.

Insider Activity at Nordson

In other news, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president owned 4,758 shares in the company, valued at $1,590,551.82. The trade was a 21.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

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.