New York State Teachers Retirement System Grows Holdings in Nordson Corporation $NDSN

New York State Teachers Retirement System increased its holdings in Nordson Corporation (NASDAQ:NDSN) by 11.8% in the 1st quarter, Holdings Channel reports. The fund owned 48,456 shares of the industrial products company’s stock after buying an additional 5,133 shares during the quarter. New York State Teachers Retirement System’s holdings in Nordson were worth $12,892,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Roman Butler Fullerton & Co. lifted its holdings in shares of Nordson by 4.2% during the fourth quarter. Roman Butler Fullerton & Co. now owns 950 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 38 shares during the last quarter. Syon Capital LLC grew its stake in shares of Nordson by 4.0% in the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock worth $255,000 after buying an additional 41 shares during the last quarter. Hantz Financial Services Inc. increased its position 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 buying an additional 46 shares in the last quarter. Norden Group LLC raised its stake in Nordson by 4.4% during the fourth quarter. Norden Group LLC now owns 1,199 shares of the industrial products company’s stock valued at $288,000 after buying an additional 50 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Nordson by 70.8% during 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. Institutional investors own 72.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NDSN has been the topic of a number of recent research reports. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Oppenheimer upped their price target on shares of Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. DA Davidson increased their price objective on shares of Nordson from $335.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Nordson presently has a consensus rating of “Moderate Buy” and a consensus target price of $311.29.

Nordson Price Performance

NDSN stock opened at $290.38 on Monday. The stock has a market capitalization of $16.18 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.65. Nordson Corporation has a 1-year low of $207.08 and a 1-year high of $307.74. The business has a fifty day moving average price of $287.32 and a 200-day moving average price of $276.42.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data 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 return on equity of 20.08% and a net margin of 18.19%.The company had revenue of $740.85 million for the quarter, compared to analysts’ expectations of $728.78 million. During the same period last year, the firm 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. Equities analysts forecast that Nordson Corporation will post 11.59 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, June 18th will be paid a $0.82 dividend. The ex-dividend date is Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. Nordson’s payout ratio is currently 34.97%.

Insider Activity at Nordson

In other news, EVP Justin E. Hall sold 716 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $275.82, for a total transaction of $197,487.12. Following the completion of the transaction, the executive vice president directly owned 1,515 shares of the company’s stock, valued at $417,867.30. The trade was a 32.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Srinivas Subramanian sold 3,100 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $280.00, for a total transaction of $868,000.00. Following the transaction, the executive vice president owned 6,407 shares in the company, valued at approximately $1,793,960. This trade represents a 32.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.84% of the stock is owned by insiders.

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.