Hsbc Holdings PLC Purchases Shares of 131,447 Nordson Corporation $NDSN

Hsbc Holdings PLC acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 131,447 shares of the industrial products company’s stock, valued at approximately $39,689,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. XXEC Inc. bought a new stake in Nordson in the 2nd quarter valued at approximately $896,378,000. Vanguard Group Inc. raised its holdings in shares of Nordson by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock valued at $1,504,515,000 after purchasing an additional 186,480 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Nordson in the second quarter worth $1,248,447,000. State Street Corp grew its position in 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 purchasing an additional 133,229 shares in the last quarter. Finally, Morgan Stanley grew its position in Nordson by 6.2% in the fourth 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. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and set a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. KeyCorp reaffirmed a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Oppenheimer increased their price objective on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Robert W. Baird upped their price target on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Nordson currently has an average rating of “Moderate Buy” and a consensus price target of $326.57.

Nordson Stock Up 0.3%

Nordson stock opened at $334.58 on Thursday. The company’s 50-day moving average price is $301.37 and its two-hundred day moving average price is $288.24. 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 stock has a market cap of $18.64 billion, a P/E ratio of 33.83, a P/E/G ratio of 2.17 and a beta of 0.96. Nordson Corporation has a twelve month low of $220.06 and a twelve month high of $339.12.

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

Nordson Dividend Announcement

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 1.0%. Nordson’s dividend payout ratio 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.