Healthcare of Ontario Pension Plan Trust Fund lifted its position in Nordson Corporation (NASDAQ:NDSN – Free Report) by 872.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,525 shares of the industrial products company’s stock after buying an additional 18,415 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Nordson were worth $5,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its position in Nordson by 314.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock valued at $2,335,000 after buying an additional 8,268 shares during the period. Marshall Wace LLP bought a new position in Nordson in the 2nd quarter worth $8,594,000. Cerity Partners LLC lifted its position in Nordson by 23.6% during the second quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company’s stock valued at $3,027,000 after purchasing an additional 2,692 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Nordson by 2.4% during the second quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock valued at $2,221,000 after purchasing an additional 244 shares during the period. Finally, State Street Corp increased 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 worth $636,375,000 after buying an additional 133,229 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently commented on NDSN shares. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. BNP Paribas Exane lifted their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. DA Davidson upped their price target on shares of Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Oppenheimer increased their price objective on shares of Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average price target of $311.29.
Nordson Stock Performance
NASDAQ:NDSN opened at $294.98 on Thursday. 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 $307.74. The stock has a 50-day moving average price of $290.73 and a 200 day moving average price of $282.37. The stock has a market capitalization of $16.44 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.01 and a beta of 0.96.
Nordson (NASDAQ:NDSN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.04. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The company had revenue of $740.85 million for the quarter, compared to analysts’ expectations of $728.78 million. During the same period in the previous year, the firm earned $2.42 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. Equities research analysts forecast that Nordson Corporation will post 11.59 EPS for the current fiscal year.
Nordson Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s payout ratio is 34.97%.
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.
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