OMERS ADMINISTRATION Corp Takes $923,000 Position in Nordson Corporation $NDSN

OMERS ADMINISTRATION Corp purchased a new stake in Nordson Corporation (NASDAQ:NDSN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,059 shares of the industrial products company’s stock, valued at approximately $923,000.

A number of other large investors also recently bought and sold shares of the business. Osmosis Investment Management UK Ltd purchased a new position in Nordson during the second quarter worth approximately $1,921,000. Sanctuary Advisors LLC acquired a new stake in Nordson in the second quarter valued at approximately $4,085,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Nordson in the second quarter valued at approximately $3,766,000. PEAK6 LLC acquired a new position in shares of Nordson during the 2nd quarter worth approximately $6,916,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Nordson during the 2nd quarter worth approximately $3,539,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Insider Activity at Nordson

In other news, EVP Daniel Roy Hopgood sold 1,329 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the sale, the executive vice president directly owned 4,758 shares in the company, valued at $1,590,551.82. This represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. KeyCorp restated a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $345.00 price objective on shares of Nordson in a report on Thursday, August 20th. BNP Paribas Exane lifted their target price on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.57.

Nordson Stock Performance

NASDAQ NDSN opened at $330.84 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18. The stock’s 50 day simple moving average is $302.06 and its 200-day simple moving average is $288.53. The company has a market cap of $18.43 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. Nordson Corporation has a 1-year low of $220.06 and a 1-year high of $339.12.

Nordson (NASDAQ:NDSN) last issued its quarterly 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 in the previous year, the business earned $2.73 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. 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 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Nordson’s previous quarterly dividend of $0.82. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s payout ratio is currently 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.