318,185 Shares in Nordson Corporation $NDSN Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 318,185 shares of the industrial products company’s stock, valued at approximately $95,993,000.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in shares of Nordson during the second quarter worth $25,000. Keating Financial Advisory Services Inc. bought a new position in Nordson in the second quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Nordson in the second quarter worth about $33,000. CYBER HORNET ETFs LLC bought a new stake in Nordson during the 2nd quarter worth about $31,000. Finally, Elevation Wealth Partners LLC raised its holdings in Nordson by 2,400.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 144 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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 report on Friday, May 22nd. Oppenheimer lifted their target price on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. DA Davidson restated a “buy” rating and issued a $345.00 price target on shares of Nordson in a research report on Thursday, August 20th. Weiss Ratings upgraded Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, Robert W. Baird increased their price target on shares of Nordson from $328.00 to $351.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nordson has an average rating of “Moderate Buy” and an average price target of $326.57.

Nordson Trading Up 0.3%

Nordson stock opened at $334.58 on Thursday. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.17 and a beta of 0.96. Nordson Corporation has a one year low of $220.06 and a one year high of $339.12. The firm has a 50-day moving average of $301.37 and a 200-day moving average of $288.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.82 and a quick ratio of 1.18.

Nordson (NASDAQ:NDSN) last announced 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 company had revenue of $817.67 million for the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts expect that Nordson Corporation will post 11.83 earnings per share for the current fiscal year.

Nordson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, June 18th. 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.