Adage Capital Partners GP L.L.C. Lowers Stock Holdings in Nordson Corporation $NDSN

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Nordson Corporation by 2.6%, owning approximately 49,500 shares worth $9,985,000 after selling 1,300 shares in the first quarter.
• Nordson announced a quarterly dividend of $0.82 per share, reflecting an increase from the previous $0.78, with a dividend yield of 1.5% and a payout ratio of 39.20%.
• Analysts have a consensus rating of "Moderate Buy" for Nordson, with an average target price of $255.75, indicating optimism for future stock performance.

Adage Capital Partners GP L.L.C. trimmed its position in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,500 shares of the industrial products company's stock after selling 1,300 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Nordson worth $9,985,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Nordson by 3.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company's stock worth $540,867,000 after acquiring an additional 90,704 shares during the period. Lazard Asset Management LLC increased its position in shares of Nordson by 3.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company's stock worth $326,803,000 after acquiring an additional 47,052 shares during the period. Invesco Ltd. increased its position in shares of Nordson by 15.9% during the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company's stock worth $210,536,000 after acquiring an additional 142,991 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Nordson by 156.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company's stock worth $205,685,000 after acquiring an additional 621,734 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Nordson by 0.7% during the fourth quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company's stock worth $159,280,000 after acquiring an additional 4,955 shares during the period. Hedge funds and other institutional investors own 72.11% of the company's stock.

Nordson Stock Performance

Shares of NDSN stock traded down $4.81 during mid-day trading on Friday, hitting $223.17. 195,866 shares of the stock were exchanged, compared to its average volume of 379,533. The stock's fifty day simple moving average is $219.23 and its two-hundred day simple moving average is $207.66. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.73 and a beta of 0.94. Nordson Corporation has a 12-month low of $165.03 and a 12-month high of $266.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.69.

Nordson (NASDAQ:NDSN - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $741.51 million for the quarter, compared to analyst estimates of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.41 earnings per share. 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 year.

Nordson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a dividend of $0.82 per share. This is an increase from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Nordson's dividend payout ratio is 41.21%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $240.00 price objective on shares of Nordson in a research report on Thursday, August 21st. KeyCorp increased their target price on Nordson from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Oppenheimer increased their target price on Nordson from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Finally, Vertical Research assumed coverage on Nordson in a report on Tuesday, June 17th. They issued a "hold" rating and a $245.00 target price on the stock. One investment 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. Based on data from MarketBeat, Nordson currently has an average rating of "Moderate Buy" and a consensus target price of $255.75.

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.