XXEC Inc. Makes New $896.38 Million Investment in Nordson Corporation $NDSN

XXEC Inc. bought a new position in Nordson Corporation (NASDAQ:NDSN) during the 2nd quarter, Holdings Channel.com reports. The firm bought 257,208,657 shares of the industrial products company’s stock, valued at approximately $896,378,000. Nordson accounts for about 0.4% of XXEC Inc.’s portfolio, making the stock its 10th largest holding. XXEC Inc. owned about 4.62% of Nordson at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. New York Life Investment Management LLC boosted its position in Nordson by 64.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock valued at $2,895,000 after buying an additional 4,737 shares during the period. UBS Group AG increased its position in shares of Nordson by 7.3% in the fourth quarter. UBS Group AG now owns 432,984 shares of the industrial products company’s stock valued at $104,102,000 after acquiring an additional 29,294 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in shares of Nordson in the fourth quarter valued at about $1,426,000. Jennison Associates LLC raised its stake 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 valued at $60,673,000 after acquiring an additional 212,876 shares during the last quarter. Finally, Reflection Asset Management bought a new position in shares of Nordson during the fourth quarter valued at about $1,460,000. 72.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NDSN shares. BNP Paribas Exane raised their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Wall Street Zen lowered Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Oppenheimer boosted their target price on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday. Finally, KeyCorp restated a “buy” rating on shares of Nordson in a report on Thursday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Down 0.7%

Shares of NASDAQ:NDSN opened at $332.24 on Friday. The firm has a market capitalization of $18.51 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.65 and a current ratio of 1.82. The stock has a 50 day moving average price of $298.83 and a 200-day moving average price of $287.07. Nordson Corporation has a 52-week low of $220.06 and a 52-week high of $338.55.

Nordson (NASDAQ:NDSN) last posted 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 business had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts anticipate that Nordson Corporation will post 11.8 EPS for the current fiscal 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. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is presently 33.16%.

Key Stories Impacting Nordson

Here are the key news stories impacting Nordson this week:

• Positive Sentiment: Strong Q3 beat and broad-based growth: Nordson reported adjusted earnings of $3.25 per share, above the $3.09 consensus and up from $2.73 a year earlier. Revenue reached $817.7 million, exceeding estimates of $779.5 million and increasing 10.3% year over year. Record sales across all segments, stronger orders and broad organic growth supported the results. NDSN Q3 Earnings Beat Estimates on Broad Organic Growth
• Positive Sentiment: Higher fiscal 2026 outlook: Management raised its outlook for the third time, forecasting fiscal 2026 sales of $3.035 billion to $3.075 billion and adjusted EPS of $11.80 to $12.00. Backlog reportedly increased 35%, reinforcing expectations for continued demand and earnings momentum. Nordson Forecasts Fiscal 2026 Sales and EPS
• Positive Sentiment: Analyst price-target increases: Oppenheimer raised its target from $335 to $370 and upgraded its view to “outperform.” Robert W. Baird lifted its target from $328 to $351 while maintaining a “neutral” rating. DA Davidson reaffirmed its “buy” rating with a $345 target. Analysts Boost Forecasts on Nordson
• Neutral Sentiment: New medical product: Nordson MEDICAL introduced its Divert ULTRA line of ultra-high-pressure stopcocks for demanding medical applications. The launch expands the product portfolio but was not accompanied by a specific financial impact. Nordson MEDICAL Introduces Divert ULTRA
• Negative Sentiment: Insider selling and valuation: Reported insider activity showed 46 sales and no purchases over the past six months, including sizable sales by senior executives. After the rally, Nordson trades at roughly 33.6 times earnings, leaving the stock vulnerable to profit-taking if growth or guidance momentum slows.

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.