CIBC Asset Management Inc Acquires 3,239 Shares of Nordson Corporation $NDSN

CIBC Asset Management Inc grew its holdings in Nordson Corporation (NASDAQ:NDSN) by 29.5% during the 4th quarter, Holdings Channel reports. The fund owned 14,205 shares of the industrial products company’s stock after buying an additional 3,239 shares during the period. CIBC Asset Management Inc’s holdings in Nordson were worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NDSN. Vanguard Group Inc. raised its position in shares of Nordson by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock valued at $1,504,515,000 after purchasing an additional 186,480 shares during the period. State Street Corp increased its holdings in Nordson by 4.7% in the 2nd quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after acquiring an additional 133,229 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Nordson by 12.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 851,679 shares of the industrial products company’s stock valued at $204,769,000 after acquiring an additional 97,416 shares during the last quarter. Norges Bank bought a new stake in Nordson in the 4th quarter valued at $191,654,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Nordson by 110.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock worth $163,093,000 after buying an additional 376,395 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NDSN. DA Davidson lifted their price objective on shares of Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Nordson from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Oppenheimer lifted their price objective 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. Robert W. Baird lifted their price objective on shares of Nordson from $278.00 to $314.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $311.29.

Nordson Price Performance

NDSN stock opened at $282.73 on Monday. Nordson Corporation has a 12 month low of $207.08 and a 12 month high of $305.28. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $278.74 and a 200 day moving average price of $268.25. The stock has a market cap of $15.75 billion, a PE ratio of 30.14, a P/E/G ratio of 1.88 and a beta of 0.97.

Nordson (NASDAQ:NDSN) last released its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.04. Nordson had a net margin of 18.19% and a return on equity of 20.08%. The firm had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. During the same period in the previous year, the company earned $2.42 EPS. The firm’s revenue for the quarter 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 research analysts anticipate that Nordson Corporation will post 11.59 earnings per share for the current year.

Nordson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, June 18th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.2%. Nordson’s payout ratio is currently 34.97%.

Insider Transactions at Nordson

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

Nordson 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.