Daiichi Life Insurance Co. Ltd. Buys New Stake in Nordson Corporation $NDSN

Daiichi Life Insurance Co. Ltd. bought a new position in Nordson Corporation (NASDAQ:NDSN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,473 shares of the industrial products company’s stock, valued at approximately $746,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of Nordson in the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Nordson during the 2nd quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new stake in Nordson during the 2nd quarter valued at approximately $33,000. CYBER HORNET ETFs LLC bought a new stake in Nordson during the 2nd quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC grew its holdings in Nordson by 2,400.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the industrial products company’s stock valued at $45,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Wall Street Analyst Weigh In

NDSN has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and set a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. 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. KeyCorp reissued a “buy” rating on shares of Nordson in a report on Thursday. Oppenheimer raised their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Nordson has an average rating of “Moderate Buy” and a consensus price target of $326.57.

Nordson Stock Performance

NDSN opened at $333.93 on Tuesday. The stock’s 50 day simple moving average is $299.66 and its 200-day simple moving average is $287.54. 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 stock has a market cap of $18.60 billion, a PE ratio of 33.76, a P/E/G ratio of 2.17 and a beta of 0.96. Nordson Corporation has a 1 year low of $220.06 and a 1 year high of $338.55.

Nordson (NASDAQ:NDSN) last issued its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The firm had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. During the same period last year, the business earned $2.73 earnings per share. Nordson’s quarterly 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. Sell-side analysts forecast that Nordson Corporation will post 11.8 EPS for the current year.

Nordson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is presently 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.