California State Teachers Retirement System Buys 20,975,220 Shares of Nordson Corporation $NDSN

California State Teachers Retirement System lifted its stake in Nordson Corporation (NASDAQ:NDSN) by 26,611.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,054,040 shares of the industrial products company’s stock after purchasing an additional 20,975,220 shares during the quarter. California State Teachers Retirement System owned about 0.38% of Nordson worth $6,351,793,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Robert W. Baird lifted their price target on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Weiss Ratings upgraded shares of Nordson from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 2nd. KeyCorp reissued a “buy” rating on shares of Nordson in a research report on Thursday, August 20th. Finally, DA Davidson reissued a “buy” rating and issued a $345.00 price objective on shares of Nordson in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.57.

Nordson Stock Down 0.9%

Shares of NASDAQ:NDSN opened at $313.94 on Thursday. Nordson Corporation has a 52-week low of $220.47 and a 52-week high of $339.12. The stock has a market cap of $17.49 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The business’s 50 day moving average is $305.63 and its 200 day moving average is $289.93. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data 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. The company had revenue of $817.67 million for 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%.Nordson’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts predict that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 10th will be given a dividend of $0.94 per share. This is a boost from Nordson’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. Nordson’s payout ratio is 33.16%.

Insider Buying and Selling at Nordson

In other Nordson news, EVP Daniel Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the transaction, the executive vice president directly owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $336.00, for a total value of $87,360.00. Following the transaction, the executive vice president owned 6,346 shares in the company, valued at approximately $2,132,256. This trade represents a 3.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Nordson Profile

Nordson Corporation is a global manufacturer of precision dispensing, coating, and fluid-management equipment. Its systems apply adhesives, sealants, coatings, and other materials with controlled accuracy in manufacturing and packaging processes. The company also produces related pumps, valves, nozzles, controls, and inspection technologies.

Nordson serves a broad range of end markets, including packaging, consumer products, electronics, semiconductors, automotive, medical devices, and other industrial applications.