Bank of Nova Scotia Invests $3.91 Million in Nordson Corporation $NDSN

Key Points

• Bank of Nova Scotia acquired 12,953 Nordson shares during the second quarter, worth approximately $3.91 million. Institutional investors and hedge funds own 72.11% of Nordson’s outstanding stock.
• Nordson reported quarterly EPS of $3.25, beating estimates by $0.16, while revenue reached $817.67 million and rose 10.3% year over year. The company issued fiscal 2026 EPS guidance of $11.80–$12.00.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $326.57. Nordson also pays a quarterly dividend of $0.82, equivalent to a 1.0% annual yield.

Bank of Nova Scotia bought a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,953 shares of the industrial products company's stock, valued at approximately $3,908,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Clearstead Trust LLC acquired a new position in Nordson during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nordson in the second quarter valued at approximately $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Nordson during the second quarter valued at approximately $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of Nordson during the second quarter worth approximately $33,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Nordson during the second quarter worth approximately $34,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Performance

Shares of NASDAQ NDSN opened at $333.58 on Wednesday. The stock's fifty day simple moving average is $300.48 and its 200 day simple moving average is $287.87. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 2.17 and a beta of 0.96. 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 Corporation has a 52-week low of $220.06 and a 52-week high of $338.55.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.09 by $0.16. The business had revenue of $817.67 million during the quarter, compared to the consensus estimate of $779.49 million. Nordson had a net margin of 18.63% and a return on equity of 20.49%. The firm's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts forecast that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were paid a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. Nordson's payout ratio is 33.16%.

Analyst Ratings Changes

NDSN has been the subject of several recent analyst reports. DA Davidson reissued a "buy" rating and issued a $345.00 price target on shares of Nordson in a research note on Thursday, August 20th. Wall Street Zen downgraded shares of Nordson from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. KeyCorp reiterated a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Weiss Ratings raised shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Finally, Robert W. Baird boosted their price target on shares of Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nordson presently has a consensus rating of "Moderate Buy" and an average price target of $326.57.

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.

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