AlphaQuest LLC Sells 3,041 Shares of Nordson Corporation $NDSN

Key Points

• AlphaQuest LLC has reduced its holdings in Nordson Corporation by 53.3%, now owning 2,669 shares valued at $538,000.
• Several institutional investors increased their positions in Nordson during the first quarter, with MassMutual Private Wealth & Trust FSB growing its holdings by 86.4%.
• Nordson's latest quarterly earnings exceeded analysts' expectations, reporting earnings per share of $2.73, and setting a fiscal year 2025 guidance of $10.100 EPS.

AlphaQuest LLC reduced its stake in shares of Nordson Corporation (NASDAQ:NDSN - Free Report) by 53.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,669 shares of the industrial products company's stock after selling 3,041 shares during the quarter. AlphaQuest LLC's holdings in Nordson were worth $538,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NDSN. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Nordson by 86.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 192 shares of the industrial products company's stock worth $39,000 after purchasing an additional 89 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company's stock worth $41,000 after purchasing an additional 54 shares during the last quarter. National Pension Service grew its holdings in shares of Nordson by 74.8% during the first quarter. National Pension Service now owns 201 shares of the industrial products company's stock worth $41,000 after purchasing an additional 86 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Nordson during the fourth quarter worth $62,000. Finally, CX Institutional bought a new stake in shares of Nordson during the first quarter worth $67,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Nordson Trading Up 0.2%

NDSN stock traded up $0.42 during midday trading on Friday, reaching $225.09. The stock had a trading volume of 282,203 shares, compared to its average volume of 391,571. The business has a fifty day simple moving average of $217.80 and a two-hundred day simple moving average of $206.98. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.71 and a beta of 0.94. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The industrial products company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.10. The firm had revenue of $741.51 million during 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 company's revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Nordson has set its FY 2025 guidance at 10.100- EPS. As a group, research analysts expect that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.82 dividend. The ex-dividend date is Thursday, September 11th. This is a positive change from Nordson's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 1.5%. Nordson's dividend payout ratio is 39.20%.

Analysts Set New Price Targets

NDSN has been the topic of several research analyst reports. Robert W. Baird increased their target price on Nordson from $245.00 to $252.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. Jefferies Financial Group restated a "hold" rating and set a $240.00 target price on shares of Nordson in a report on Thursday, August 21st. KeyCorp increased their target price on Nordson from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Wolfe Research initiated coverage on Nordson in a report on Wednesday, June 18th. They set a "peer perform" rating on the stock. Finally, Oppenheimer increased their target price on Nordson from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus target price of $255.75.

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.