OMERS ADMINISTRATION Corp Makes New $923,000 Investment in Nordson Corporation $NDSN

Key Points

• OMERS Administration Corp. purchased 3,059 Nordson shares worth approximately $923,000 during the second quarter. Institutional investors collectively own 72.11% of Nordson’s outstanding stock.
• Nordson reported strong quarterly results, with EPS of $3.25 beating estimates of $3.09 and revenue rising 10.3% year over year to $817.67 million. The company also raised its quarterly dividend from $0.82 to $0.94 per share.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $326.57 target price. Shares recently opened at $330.84, near the company’s 52-week high of $339.12.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,059 shares of the industrial products company's stock, valued at approximately $923,000.

A number of other institutional investors have also modified their holdings of NDSN. Arrowstreet Capital Limited Partnership lifted its position in Nordson by 314.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,894 shares of the industrial products company's stock valued at $2,335,000 after acquiring an additional 8,268 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Nordson during the second quarter worth $8,594,000. Cerity Partners LLC increased its position in shares of Nordson by 23.6% during the second quarter. Cerity Partners LLC now owns 14,122 shares of the industrial products company's stock worth $3,027,000 after purchasing an additional 2,692 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Nordson by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,362 shares of the industrial products company's stock valued at $2,221,000 after purchasing an additional 244 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Nordson by 4.7% during the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company's stock valued at $636,375,000 after purchasing an additional 133,229 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nordson news, EVP Daniel Roy Hopgood sold 1,329 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 4,758 shares in the company, valued at approximately $1,590,551.82. This represents a 21.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NDSN shares. Wall Street Zen downgraded Nordson from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Weiss Ratings upgraded shares of Nordson from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. DA Davidson reaffirmed a "buy" rating and set a $345.00 target price on shares of Nordson in a report on Thursday, August 20th. BNP Paribas Exane upped their target price on Nordson from $285.00 to $290.00 and gave the company a "neutral" rating in a research report on Friday, May 22nd. Finally, KeyCorp reiterated a "buy" rating on shares of Nordson in a research report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $326.57.

Nordson Price Performance

Shares of NDSN opened at $330.84 on Friday. The business's 50-day moving average is $302.06 and its two-hundred day moving average is $288.53. The company has a market capitalization of $18.43 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. Nordson Corporation has a fifty-two week low of $220.06 and a fifty-two week high of $339.12.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $779.49 million. During the same quarter in the previous year, the firm posted $2.73 EPS. The company'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. Research analysts predict 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 issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, September 10th. 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 yield of 1.1%. Nordson's dividend payout ratio is presently 33.16%.

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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