Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Nordson Corporation $NDSN

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Nordson Corporation (NASDAQ:NDSN) by 872.7% during the 1st quarter, HoldingsChannel reports. The firm owned 20,525 shares of the industrial products company’s stock after acquiring an additional 18,415 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Nordson were worth $5,461,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NDSN. New York Life Investment Management LLC raised its stake in Nordson by 64.9% during the fourth quarter. New York Life Investment Management LLC now owns 12,041 shares of the industrial products company’s stock valued at $2,895,000 after purchasing an additional 4,737 shares in the last quarter. UBS Group AG grew its stake in shares of Nordson by 7.3% in the 4th quarter. UBS Group AG now owns 432,984 shares of the industrial products company’s stock worth $104,102,000 after buying an additional 29,294 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in shares of Nordson in the 4th quarter worth about $3,646,000. Lecap Asset Management Ltd. bought a new stake in shares of Nordson in the 4th quarter worth about $1,671,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of Nordson during the 4th quarter valued at about $1,426,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDSN has been the topic of several analyst reports. Wall Street Zen cut Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Oppenheimer raised their price objective on Nordson from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. DA Davidson raised their price target on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Finally, BNP Paribas Exane increased their target price 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. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $311.29.

Nordson Stock Performance

Shares of Nordson stock opened at $294.98 on Thursday. The company has a quick ratio of 1.65, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $290.73 and its two-hundred day moving average is $282.37. Nordson Corporation has a 52 week low of $207.08 and a 52 week high of $307.74. The company has a market capitalization of $16.44 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last released its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.04. The business had revenue of $740.85 million during the quarter, compared to the consensus estimate of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. As a group, analysts expect that Nordson Corporation will post 11.59 earnings per share for the current 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 paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s payout ratio is currently 34.97%.

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.