Royal Bank of Canada Acquires 102,566 Shares of Nordson Corporation $NDSN

Royal Bank of Canada boosted its holdings in shares of Nordson Corporation (NASDAQ:NDSN) by 59.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 275,765 shares of the industrial products company’s stock after acquiring an additional 102,566 shares during the quarter. Royal Bank of Canada’s holdings in Nordson were worth $73,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in shares of Nordson by 70.8% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Nordson during the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc bought a new stake in Nordson in the 2nd quarter valued at $34,000. Hantz Financial Services Inc. lifted its holdings in Nordson by 43.4% during the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 46 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Nordson during the 4th quarter valued at $40,000. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Up 0.9%

NDSN opened at $297.78 on Friday. The stock has a fifty day moving average of $291.06 and a 200-day moving average of $282.72. The company has a market capitalization of $16.59 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.98 and a beta of 0.96. Nordson Corporation has a fifty-two week low of $207.08 and a fifty-two week high of $307.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.60.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The business had revenue of $740.85 million for the quarter, compared to the consensus estimate of $728.78 million. During the same period in the prior year, the company posted $2.42 earnings per share. Nordson’s revenue was up 8.5% compared to the same quarter last year. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, equities analysts expect that Nordson Corporation will post 11.59 EPS for the current year.

Nordson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 18th. Nordson’s dividend payout ratio is presently 34.97%.

Wall Street Analyst Weigh In

NDSN has been the topic of several research reports. Oppenheimer upped their price objective on shares of Nordson from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 29th. DA Davidson lifted their target price on shares of Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. BNP Paribas Exane increased their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, Wall Street Zen downgraded Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Five 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, the company presently has an average rating of “Moderate Buy” and an average price target of $311.29.

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.