Meiji Yasuda Asset Management Co Ltd. Acquires New Shares in Nordson Corporation $NDSN

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,729 shares of the industrial products company’s stock, valued at approximately $3,539,000.

Other large investors have also added to or reduced their stakes in the company. Syon Capital LLC grew its holdings in Nordson by 4.0% during the 4th quarter. Syon Capital LLC now owns 1,061 shares of the industrial products company’s stock valued at $255,000 after buying an additional 41 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Nordson by 43.4% in the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock worth $37,000 after buying an additional 46 shares in the last quarter. Norinchukin Bank The lifted its holdings in shares of Nordson by 1.9% in the third quarter. Norinchukin Bank The now owns 3,084 shares of the industrial products company’s stock worth $700,000 after buying an additional 57 shares in the last quarter. Wealth Alliance LLC boosted its position in shares of Nordson by 5.0% in the first quarter. Wealth Alliance LLC now owns 1,393 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 66 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Nordson by 4.8% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,517 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 69 shares during the period. Institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Shares of NDSN opened at $333.93 on Tuesday. Nordson Corporation has a 12-month low of $220.06 and a 12-month high of $338.55. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $18.60 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The stock has a 50-day moving average price of $299.66 and a 200-day moving average price of $287.54.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping the consensus estimate 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 net margin of 18.63% and a return on equity of 20.49%. Nordson’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts forecast that Nordson Corporation will post 11.8 earnings per share for the current fiscal year.

Nordson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 18th were issued a $0.82 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. Nordson’s dividend payout ratio is presently 33.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BNP Paribas Exane boosted their price objective on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. DA Davidson reissued a “buy” rating and issued a $345.00 price target on shares of Nordson in a report on Thursday, August 20th. Oppenheimer raised their price target on shares of Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird boosted 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. Finally, Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.57.

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.