XXEC Inc. Takes Position in Nordson Corporation $NDSN

XXEC Inc. purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 191,958 shares of the industrial products company’s stock, valued at approximately $55,144,000. Nordson makes up 0.1% of XXEC Inc.’s holdings, making the stock its 7th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Nordson during the second quarter valued at approximately $1,248,447,000. Norges Bank bought a new stake in Nordson in the fourth quarter worth approximately $191,654,000. Bank of New York Mellon Corp bought a new stake in Nordson in the second quarter worth approximately $127,230,000. Caisse de depot et placement du Quebec acquired a new position in shares of Nordson during the 2nd quarter worth $95,993,000. Finally, Deutsche Bank AG acquired a new position in shares of Nordson during the 2nd quarter worth $89,393,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Activity at Nordson

In other news, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the transaction, the executive vice president directly owned 4,758 shares in the company, valued at approximately $1,590,551.82. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

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

Nordson Price Performance

NASDAQ NDSN opened at $330.84 on Friday. 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 company has a fifty day simple moving average of $302.06 and a 200 day simple moving average of $288.53. The company has a market cap of $18.43 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.96. Nordson Corporation has a 1 year low of $220.06 and a 1 year high of $339.12.

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

Nordson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be given a $0.94 dividend. This is an increase 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 dividend payout ratio (DPR) is 33.16%.

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.