39,160 Shares in Nordson Corporation $NDSN Acquired by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 39,160 Nordson shares valued at approximately $11.8 million, while institutional investors collectively own 72.11% of the company.
• Nordson exceeded quarterly expectations with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. The company also raised its quarterly dividend 14.6% to $0.94 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $326.57; however, two executives recently sold shares totaling about $531,600.

Canada Pension Plan Investment Board acquired a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 39,160 shares of the industrial products company's stock, valued at approximately $11,814,000. Canada Pension Plan Investment Board owned approximately 0.07% of Nordson as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NDSN. XXEC Inc. bought a new stake in Nordson in the second quarter worth $896,378,000. BlackRock Inc. purchased a new position in shares of Nordson in the 2nd quarter worth about $1,248,447,000. State Street Corp raised its position in shares of Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company's stock worth $636,375,000 after purchasing an additional 133,229 shares during the last quarter. Morgan Stanley boosted its stake in Nordson by 6.2% in the 4th quarter. Morgan Stanley now owns 1,582,637 shares of the industrial products company's stock worth $380,514,000 after purchasing an additional 92,970 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Nordson by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 891,016 shares of the industrial products company's stock worth $214,227,000 after purchasing an additional 172,400 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company's stock.

Insiders Place Their Bets

In related news, EVP Daniel Roy Hopgood sold 1,329 shares of Nordson stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the transaction, the executive vice president directly owned 4,758 shares in the company, 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 is accessible through the SEC website. Also, EVP Jennifer L. Mcdonough sold 260 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the sale, the executive vice president directly owned 6,346 shares of the company's stock, valued at $2,132,256. This represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

NDSN has been the topic of several analyst reports. Oppenheimer upped their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an "outperform" rating in a research note on Friday, August 21st. BNP Paribas Exane raised their price target 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. Robert W. Baird boosted their target price on Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. KeyCorp restated a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and an average price target of $326.57.

Key Stories Impacting Nordson

Here are the key news stories impacting Nordson this week:

• Positive Sentiment: Nordson declared a quarterly dividend of $0.94 per share, payable October 2 to shareholders of record September 10. The payout is 14.6% higher than the previous $0.82 dividend, signaling management’s confidence in cash-flow generation and enhancing the stock’s appeal to income-focused investors. Nordson raises dividend by 14.6% to $0.94
• Positive Sentiment: Recent momentum reflects Nordson’s solid operating performance. The company’s latest quarter exceeded earnings and revenue expectations, with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. Analysts remain constructive, including an Oppenheimer price-target increase to $370 and a consensus rating of “Moderate Buy.” What Makes Nordson a Strong Momentum Stock
• Neutral Sentiment: NDSN recently set a new 12-month high, highlighting strong momentum but also increasing the possibility of profit-taking after a substantial advance. Nordson Sets New 12-Month High
• Negative Sentiment: Two Nordson executives reported stock sales. EVP Daniel Roy Hopgood sold 1,329 shares worth approximately $444,000, reducing his holdings by 21.83%; EVP Jennifer McDonough sold 260 shares worth about $87,000. These transactions may weigh on sentiment, particularly with the stock near its recent high, although insider sales do not necessarily indicate deteriorating business fundamentals. Nordson Insider Selling

Nordson Stock Down 1.9%

Nordson stock opened at $324.59 on Friday. Nordson Corporation has a one year low of $220.06 and a one year high of $339.12. The stock has a fifty day moving average of $302.64 and a 200 day moving average of $288.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The stock has a market cap of $18.08 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (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 business had revenue of $817.67 million for the quarter, compared to analysts' expectations of $779.49 million. During the same period last year, the firm posted $2.73 earnings per share. The business'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, sell-side analysts predict that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Increases Dividend

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

Nordson 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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