Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 11,729 Nordson Corporation $NDSN

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Nordson Corporation (NASDAQ:NDSN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,729 shares of the industrial products company’s stock, valued at approximately $3,539,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Nordson by 314.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company’s stock worth $2,335,000 after buying an additional 8,268 shares during the last quarter. Marshall Wace LLP bought a new position in Nordson during the second quarter valued at approximately $8,594,000. Cerity Partners LLC grew 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 acquiring an additional 2,692 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Nordson by 2.4% during the second quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company’s stock worth $2,221,000 after acquiring an additional 244 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Nordson by 4.7% during the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock worth $636,375,000 after acquiring an additional 133,229 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BNP Paribas Exane upped their price objective on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday. Finally, Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Stock Performance

Shares of NDSN stock opened at $333.93 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. Nordson Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $338.55. The stock has a 50 day moving average price of $299.66 and a two-hundred day moving average price of $287.54. The company has a market capitalization of $18.60 billion, a P/E ratio of 33.76, a PEG ratio of 2.17 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $779.49 million. During the same quarter in the prior year, the firm posted $2.73 earnings per share. The business’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. Analysts expect that Nordson Corporation will post 11.8 earnings per share for the current year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 annualized dividend and a yield of 1.0%. Nordson’s dividend payout ratio is presently 33.16%.

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.