California State Teachers Retirement System Sells 9,033 Shares of Nordson Corporation $NDSN

California State Teachers Retirement System cut its holdings in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,787 shares of the industrial products company's stock after selling 9,033 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of Nordson worth $21,054,040 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NDSN. Bank of Nova Scotia purchased a new position in shares of Nordson during the 2nd quarter valued at $3,908,000. New York Life Investment Management LLC increased its holdings in shares of Nordson by 64.9% in the fourth quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company's stock valued at $2,895,000 after purchasing an additional 4,737 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in shares of Nordson in the fourth quarter valued at approximately $1,426,000. Reflection Asset Management acquired a new position in shares of Nordson in the 4th quarter valued at approximately $1,460,000. Finally, Allworth Financial LP acquired a new stake in Nordson in the 2nd quarter valued at $3,462,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Oppenheimer upped their price target 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. Weiss Ratings upgraded Nordson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 2nd. KeyCorp restated a "buy" rating on shares of Nordson in a report on Thursday, August 20th. Robert W. Baird upped their target price on shares of Nordson from $328.00 to $351.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Finally, BNP Paribas Exane lifted their price target on shares of Nordson from $285.00 to $290.00 and gave the stock a "neutral" rating in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Nordson currently has an average rating of "Moderate Buy" and a consensus target price of $326.57.

Insider Buying and Selling at Nordson

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

Nordson Trading Up 0.9%

Shares of Nordson stock traded up $2.77 during midday trading on Tuesday, reaching $311.07. The company had a trading volume of 125,241 shares, compared to its average volume of 391,195. Nordson Corporation has a fifty-two week low of $220.47 and a fifty-two week high of $339.12. 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 has a fifty day moving average price of $306.75 and a 200 day moving average price of $290.33. The firm has a market cap of $17.33 billion, a PE ratio of 31.49, a P/E/G ratio of 2.04 and a beta of 0.97.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly 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 firm had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same quarter in the previous year, the company posted $2.73 earnings per share. The company's revenue was up 10.3% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts anticipate that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Increases Dividend

The business also recently declared 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. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 10th. Nordson's dividend payout ratio (DPR) is 38.02%.

Nordson Company 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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