Public Employees Retirement System of Ohio Acquires New Shares in Nordson Corporation $NDSN

Public Employees Retirement System of Ohio acquired a new position in Nordson Corporation (NASDAQ:NDSN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,497 shares of the industrial products company’s stock, valued at approximately $11,614,000.

Other hedge funds have also recently bought and sold shares of the company. XXEC Inc. bought a new position in Nordson during the second quarter valued at about $55,144,000. Capstone Investment Advisors LLC acquired a new position in shares of Nordson during the 2nd quarter valued at about $335,000. Corient Private Wealth LP bought a new position in shares of Nordson in the 2nd quarter valued at approximately $13,622,000. Bank of America Corp DE acquired a new stake in Nordson in the 2nd quarter worth approximately $75,008,000. Finally, Strategic Global Advisors LLC acquired a new stake in Nordson in the 2nd quarter worth approximately $1,859,000. 72.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on NDSN. Oppenheimer increased their price target on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Robert W. Baird boosted their price objective on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Wall Street Zen lowered shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, BNP Paribas Exane lifted their target price on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.57.

Insider Activity

In related news, EVP Jennifer L. Mcdonough sold 260 shares of Nordson 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Roy Hopgood sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $334.29, for a total value of $444,271.41. Following the completion of the transaction, the executive vice president directly owned 4,758 shares of the company’s stock, valued at approximately $1,590,551.82. This trade represents a 21.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

Nordson News Summary

Here are the key news stories impacting Nordson this week:

• Positive Sentiment: Nordson declared a quarterly dividend of $0.94 per share, payable October 2 to shareholders of record September 10. The payout is 14.6% higher than the previous $0.82 dividend, signaling management’s confidence in cash-flow generation and enhancing the stock’s appeal to income-focused investors. Nordson raises dividend by 14.6% to $0.94
• Positive Sentiment: Recent momentum reflects Nordson’s solid operating performance. The company’s latest quarter exceeded earnings and revenue expectations, with EPS of $3.25 versus $3.09 expected and revenue growth of 10.3% year over year. Analysts remain constructive, including an Oppenheimer price-target increase to $370 and a consensus rating of “Moderate Buy.” What Makes Nordson a Strong Momentum Stock
• Neutral Sentiment: NDSN recently set a new 12-month high, highlighting strong momentum but also increasing the possibility of profit-taking after a substantial advance. Nordson Sets New 12-Month High
• Negative Sentiment: Two Nordson executives reported stock sales. EVP Daniel Roy Hopgood sold 1,329 shares worth approximately $444,000, reducing his holdings by 21.83%; EVP Jennifer McDonough sold 260 shares worth about $87,000. These transactions may weigh on sentiment, particularly with the stock near its recent high, although insider sales do not necessarily indicate deteriorating business fundamentals. Nordson Insider Selling

Nordson Stock Performance

NDSN opened at $324.59 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $302.64 and its two-hundred day moving average price is $288.76. The firm has a market capitalization of $18.08 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Nordson Corporation has a 12-month low of $220.06 and a 12-month high of $339.12.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The company had revenue of $817.67 million during the quarter, compared to analyst estimates of $779.49 million. During the same period in the previous year, the company earned $2.73 earnings per share. The company’s quarterly 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 forecast 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 $0.94 dividend. The ex-dividend date is Thursday, September 10th. This represents a $3.76 annualized dividend and a yield of 1.2%. This is a positive change from Nordson’s previous quarterly dividend of $0.82. Nordson’s dividend payout ratio (DPR) is 33.16%.

Nordson Company Profile

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.