6,444 Shares in Nordson Corporation $NDSN Acquired by 111 Capital

Key Points

• 111 Capital acquired 6,444 shares of Nordson Corporation (NASDAQ:NDSN) valued at approximately $1.38 million in Q2, highlighting investor interest in the company.
• Analysts have varying ratings on Nordson, with an average consensus of "Moderate Buy" and a price target of $255.75, reflecting positive expectations for the stock's performance.
• Nordson recently increased its quarterly dividend to $0.82, representing an annualized yield of 1.4%, indicating a commitment to returning value to shareholders.

111 Capital acquired a new position in Nordson Corporation (NASDAQ:NDSN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,444 shares of the industrial products company's stock, valued at approximately $1,381,000.

Several other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in Nordson by 9.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,579 shares of the industrial products company's stock valued at $958,000 after purchasing an additional 414 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Nordson by 12.7% in the first quarter. Rhumbline Advisers now owns 113,886 shares of the industrial products company's stock valued at $22,973,000 after buying an additional 12,836 shares in the last quarter. Portside Wealth Group LLC grew its stake in shares of Nordson by 6.6% in the first quarter. Portside Wealth Group LLC now owns 1,144 shares of the industrial products company's stock valued at $239,000 after buying an additional 71 shares in the last quarter. Thrive Wealth Management LLC acquired a new stake in shares of Nordson in the first quarter valued at about $281,000. Finally, Vest Financial LLC grew its stake in shares of Nordson by 8.0% in the first quarter. Vest Financial LLC now owns 246,379 shares of the industrial products company's stock valued at $49,700,000 after buying an additional 18,341 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Vertical Research assumed coverage on shares of Nordson in a research report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 price objective for the company. Oppenheimer raised their price target on shares of Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Robert W. Baird raised their price target on shares of Nordson from $245.00 to $252.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. Wall Street Zen raised shares of Nordson from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $240.00 price target on shares of Nordson in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $255.75.

Nordson Stock Up 0.5%

NDSN stock opened at $233.45 on Friday. Nordson Corporation has a twelve month low of $165.03 and a twelve 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 company has a market capitalization of $13.12 billion, a P/E ratio of 29.33, a PEG ratio of 1.76 and a beta of 0.96. The firm has a 50 day simple moving average of $221.61 and a 200-day simple moving average of $209.49.

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

Nordson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Nordson's previous quarterly dividend of $0.78. The ex-dividend date was Thursday, September 11th. 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.

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