Hsbc Holdings PLC Acquires 34,564 Shares of Nordson Corporation $NDSN

by · The Cerbat Gem

Hsbc Holdings PLC grew its stake in shares of Nordson Corporation (NASDAQ:NDSNFree Report) by 35.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,447 shares of the industrial products company’s stock after buying an additional 34,564 shares during the period. Hsbc Holdings PLC’s holdings in Nordson were worth $39,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Clearstead Trust LLC bought a new position in shares of Nordson during the second quarter worth $25,000. Keating Financial Advisory Services Inc. purchased a new position in Nordson during the second quarter valued at $30,000. CYBER HORNET ETFs LLC bought a new stake in Nordson in the 2nd quarter valued at $31,000. N.E.W. Advisory Services LLC bought a new stake in Nordson in the 2nd quarter valued at $33,000. Finally, MUFG Securities EMEA plc purchased a new stake in Nordson in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Nordson stock opened at $318.36 on Tuesday. The company’s 50-day moving average price is $304.97 and its 200-day moving average price is $289.67. Nordson Corporation has a twelve month low of $220.47 and a twelve month high of $339.12. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.73 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.07 and a beta of 0.97.

Nordson (NASDAQ:NDSNGet Free Report) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.16. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. During the same period in the prior year, the company earned $2.73 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts forecast that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.2%. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 10th. Nordson’s dividend payout ratio (DPR) is currently 33.16%.

Insider Activity at Nordson

In other news, EVP Jennifer McDonough sold 260 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the sale, the executive vice president directly owned 6,346 shares of the company’s stock, valued at $2,132,256. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the transaction, the executive vice president owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on NDSN. Weiss Ratings raised shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. DA Davidson reaffirmed a “buy” rating and issued a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. BNP Paribas Exane boosted their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp restated a “buy” rating on shares of Nordson in a report on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Nordson presently has a consensus rating of “Moderate Buy” and an average price target of $326.57.

Read Our Latest Analysis on NDSN

Nordson Profile

(Free Report)

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.

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