AEGON ASSET MANAGEMENT UK Plc Invests $17.86 Million in Nordson Corporation $NDSN

AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 67,178 shares of the industrial products company’s stock, valued at approximately $17,862,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Nordson during the 4th quarter valued at approximately $191,654,000. M&T Bank Corp increased its position in Nordson by 10,127.9% in the 4th quarter. M&T Bank Corp now owns 586,877 shares of the industrial products company’s stock worth $141,103,000 after buying an additional 581,139 shares during the period. JPMorgan Chase & Co. increased its position in Nordson by 110.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock worth $163,093,000 after buying an additional 376,395 shares during the period. Millennium Management LLC lifted its holdings in shares of Nordson by 61.9% during the third quarter. Millennium Management LLC now owns 592,385 shares of the industrial products company’s stock worth $134,442,000 after buying an additional 226,514 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Nordson by 539.2% during the fourth quarter. Jennison Associates LLC now owns 252,353 shares of the industrial products company’s stock worth $60,673,000 after buying an additional 212,876 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nordson

In other news, EVP Srinivas Subramanian sold 3,100 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $280.00, for a total transaction of $868,000.00. Following the completion of the transaction, the executive vice president directly owned 6,407 shares of the company’s stock, valued at approximately $1,793,960. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Hall sold 716 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $275.82, for a total transaction of $197,487.12. Following the transaction, the executive vice president directly owned 1,515 shares of the company’s stock, valued at $417,867.30. The trade was a 32.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Nordson Price Performance

Shares of NDSN stock opened at $295.92 on Friday. The stock has a 50 day moving average of $283.70 and a two-hundred day moving average of $271.90. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. Nordson Corporation has a 12 month low of $207.08 and a 12 month high of $305.28. The company has a market capitalization of $16.49 billion, a P/E ratio of 31.55, a P/E/G ratio of 1.96 and a beta of 0.97.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.04. The company had revenue of $740.85 million for the quarter, compared to analyst estimates of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.Nordson’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.42 EPS. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. As a group, equities analysts expect that Nordson Corporation will post 11.59 EPS for the current year.

Nordson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. Nordson’s payout ratio is currently 34.97%.

Wall Street Analyst Weigh In

NDSN has been the topic of several research analyst reports. BNP Paribas Exane raised their price objective on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Oppenheimer upped their target price on shares of Nordson from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target on shares of Nordson in a report on Monday, February 23rd. Wall Street Zen upgraded shares of Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings downgraded shares of Nordson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.

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.