Quantbot Technologies LP Purchases Shares of 20,758 Nordson Corporation $NDSN

Key Points

• Quantbot Technologies LP purchased 20,758 shares of Nordson Corporation for approximately $4.19 million, marking a new investment in the company.
• Several other hedge funds, including Lazard Asset Management and Massachusetts Financial Services, have also increased their stakes in Nordson, highlighting ongoing institutional interest.
• Analysts have varied outlooks on Nordson, with one analyst giving a "Strong Buy" rating, while others show differing recommendations, contributing to an average price target of $254.86.

Quantbot Technologies LP purchased a new stake in Nordson Corporation (NASDAQ:NDSN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,758 shares of the industrial products company's stock, valued at approximately $4,187,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDSN. Allspring Global Investments Holdings LLC boosted its stake in shares of Nordson by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the industrial products company's stock valued at $486,000 after purchasing an additional 67 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Nordson by 18.7% during the 1st quarter. DAVENPORT & Co LLC now owns 2,653 shares of the industrial products company's stock worth $535,000 after acquiring an additional 418 shares during the period. Amalgamated Bank raised its position in shares of Nordson by 1.2% during the 1st quarter. Amalgamated Bank now owns 10,672 shares of the industrial products company's stock valued at $2,153,000 after acquiring an additional 127 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Nordson during the 1st quarter valued at $1,599,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nordson by 6.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,862 shares of the industrial products company's stock valued at $981,000 after purchasing an additional 283 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Stock Up 3.3%

NASDAQ NDSN traded up $7.24 during trading hours on Friday, reaching $227.17. 650,933 shares of the company's stock were exchanged, compared to its average volume of 379,143. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.64 and a current ratio of 1.69. Nordson Corporation has a one year low of $165.03 and a one year high of $266.86. The company's 50-day moving average is $216.63 and its two-hundred day moving average is $206.71. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.10. Nordson had a net margin of 16.34% and a return on equity of 19.45%. The company had revenue of $741.51 million during the quarter, compared to analysts' expectations of $724.04 million. During the same quarter in the prior year, the company earned $2.41 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, analysts forecast that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. Nordson's dividend payout ratio (DPR) is currently 39.20%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NDSN. Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a report on Saturday. KeyCorp upped their price target on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Oppenheimer upgraded shares of Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a research report on Friday, May 30th. Robert W. Baird boosted their price objective on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a report on Friday. Finally, Vertical Research assumed coverage on shares of Nordson in a research note on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Nordson presently has an average rating of "Moderate Buy" and an average target price of $255.86.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.