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

Key Points

• California State Teachers Retirement System increased its Nordson stake by 20.98 million shares in the second quarter, bringing its ownership to 21.05 million shares, or approximately 37.8% of the company.
• Nordson exceeded quarterly expectations, reporting $3.25 EPS and $817.67 million in revenue, while revenue grew 10.3% year over year. The company guided for fiscal 2026 EPS of $11.80–$12.00.
• Nordson raised its quarterly dividend from $0.82 to $0.94 per share, equivalent to a $3.76 annualized dividend and a 1.2% yield; analysts maintain a “Moderate Buy” consensus with a $326.57 average price target.

California State Teachers Retirement System lifted its position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 26,611.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,054,040 shares of the industrial products company's stock after buying an additional 20,975,220 shares during the quarter. California State Teachers Retirement System owned approximately 37.80% of Nordson worth $6,351,793,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Nordson during the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Nordson in the second quarter valued at about $30,000. CYBER HORNET ETFs LLC bought a new position in shares of Nordson in the second quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Nordson during the second quarter worth about $33,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Nordson during the second quarter worth about $34,000. Institutional investors own 72.11% of the company's stock.

Nordson Price Performance

Shares of Nordson stock opened at $313.94 on Thursday. The firm has a market cap of $17.49 billion, a PE ratio of 31.74, a PEG ratio of 2.06 and a beta of 0.97. The stock has a 50 day moving average of $305.63 and a 200 day moving average of $289.93. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Nordson Corporation has a 12 month low of $220.47 and a 12 month high of $339.12.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.09 by $0.16. The business 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%.The company's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts expect that Nordson Corporation will post 11.83 EPS for the current fiscal year.

Nordson Increases Dividend

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

Insiders Place Their Bets

In other Nordson news, EVP Jennifer L. Mcdonough sold 260 shares of Nordson stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $336.00, for a total value of $87,360.00. Following the completion of the transaction, the executive vice president directly owned 6,346 shares of the company's stock, valued at $2,132,256. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel Hopgood sold 1,329 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $334.29, for a total transaction of $444,271.41. Following the completion of the sale, the executive vice president owned 4,758 shares in the company, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of research analyst reports. KeyCorp reissued a "buy" rating on shares of Nordson in a report on Thursday, August 20th. DA Davidson reissued a "buy" rating and issued a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. BNP Paribas Exane upped their target price on shares of Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings upgraded shares of Nordson from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 2nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $326.57.

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.

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