Caxton Associates LLP Acquires New Position in Nordson Corporation $NDSN

Key Points

• Caxton Associates LLP has acquired 2,271 shares of Nordson Corporation, valued at approximately $458,000, as reported in its recent SEC filing.
• Nordson Corporation’s stock price target has been revised by multiple analysts, with KeyCorp setting a new target of $250.00 and Oppenheimer raising it to $275.00.
• The company recently announced an increase in its quarterly dividend from $0.78 to $0.82, reflecting a dividend yield of 1.5%.

Caxton Associates LLP acquired a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,271 shares of the industrial products company's stock, valued at approximately $458,000.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in shares of Nordson by 36.7% during the 1st quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock worth $41,000 after buying an additional 54 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Nordson by 2.2% during the 1st quarter. Wedbush Securities Inc. now owns 2,741 shares of the industrial products company's stock valued at $553,000 after acquiring an additional 58 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Nordson by 2.9% during 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 acquiring an additional 67 shares during the period. Allworth Financial LP raised its holdings in Nordson by 0.6% during the 1st quarter. Allworth Financial LP now owns 11,327 shares of the industrial products company's stock valued at $2,146,000 after acquiring an additional 69 shares during the period. Finally, Aberdeen Group plc grew its position in shares of Nordson by 1.8% during the 1st quarter. Aberdeen Group plc now owns 3,986 shares of the industrial products company's stock valued at $797,000 after purchasing an additional 70 shares in the last quarter. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on NDSN shares. Wall Street Zen upgraded shares of Nordson from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Wolfe Research began coverage on shares of Nordson in a research note on Wednesday, June 18th. They set a "peer perform" rating for the company. KeyCorp upped their price objective on shares of Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Robert W. Baird increased their price target on shares of Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $240.00 price target on shares of Nordson in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Nordson currently has a consensus rating of "Moderate Buy" and an average price target of $255.75.

Nordson Stock Performance

NDSN stock traded up $3.99 on Thursday, hitting $227.63. The company had a trading volume of 281,484 shares, compared to its average volume of 370,775. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The stock's 50-day simple moving average is $219.59 and its 200 day simple moving average is $208.11. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.70 and a beta of 0.94.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its earnings results on Wednesday, August 20th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $724.04 million. During the same quarter last year, the company posted $2.41 earnings per share. The firm's quarterly revenue was up 12.1% on a year-over-year basis. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, equities research analysts expect that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 11th. This is a positive change from Nordson's previous quarterly dividend of $0.78. Nordson's payout ratio is 41.21%.

Nordson Profile

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.